FINANCIALS: SThree posts positive half-yearly results

Global science, technology, engineering and mathematics (STEM) specialist recruiter SThree has said its performance is “ahead of expectations” in its half-year trading update.

The company states in its report that because Q2 2020 was significantly impacted by Covid-19, the group also compared its performance against 2019 net fees, which reveals Q2 net fees was up 8% compared with 2019 figures. 

The trading update continues: “The growth seen in 2021 vs 2019, across several regions and sectors, as well as for the group as a whole, demonstrates the very strong underlying performance of the Group and the relevance of its differentiated, STEM-focused offering. Group net fees for H1 were also up 3% compared to 2019 figures. 

Other highlights include:

  • Q2 net fees up 22% year-on-year (21% adjusted for working days), reflecting a strong underlying performance with sustained improvements in new deal activity and contractor retention rates 
  • Group net fees for H1 up 10% year-on-year – strong growth in DACH region and the US; life science and technology net fees up significantly across the group
  • Contractor order book(4) up 33% YoY 
  • Top five countries represent 86% of group net fees, with Germany being 33% and the US 25% 
  • Andrew Beach to join as CFO on 5 July 2021 (see Appointments).

• Comment below on this story. Or let us know what you think by emailing us at [email protected] or tweet us to tell us your thoughts or share this story with a friend.

Petroplan appoints Greenwood recruitment director EMEA

Specialist energy talent acquisition group Petroplan has appointed Dean Greenwood as recruitment director in Europe, the Middle East and Africa (EMEA).

People 24 November 2021

Graphite Capital acquires Opus Talent Solutions in MBO

Graphite Capital, a leading UK mid-market private equity specialist, has acquired Opus Talent Solutions, a global recruitment business specialising in the technology and renewable energy markets, in an off-market management buy-out.

Contracts 22 November 2021

Petroplan appoints Brown regional director EMEA

Specialist energy talent acquisition group Petroplan has appointed Darren Brown as regional director for Europe, the Middle East and Africa (EMEA).

People 22 November 2021


This week’s appointments include: Ducatus Partners, JLL, RBW Consulting, Thorn Baker Group

People 11 November 2021