Financials

FINANCIALS: SThree sees decline in profits but continued marketshare gains

Global STEM recruiter SThree has announced 2020 adjusted profit before tax of £30.1m, with group net fees for the year declining by 8% year-on-year.

FINANCIALS: Hays reports 19% fall in fees

Global recruiter Hays reports that its total fees for the quarter ended 31 December were down 19%, an improvement of 10% over the previous three-month period, with the underlying net fee exit rate at 16%.

14 January 2021

FINANCIALS: Robert Walters sees 25% profit fall

Global recruiter Robert Walters experienced a 25% drop in group net fee income for the fourth quarter of 2020 year-on-year, according to the company’s trading update.

FINANCIALS: Gattaca results ‘overshadowed’ by Covid pandemic

Specialist engineering and technology recruiter Gattaca reports a period “overshadowed by the onset of the Covid-19 pandemic”.

Engineering, IT/Telecoms 5 November 2020

FINANCIALS: Adecco revenues fall by more than €2m

Recruitment giant Adecco Group’s half year 2020 revenues dropped by more than €2m (£1.8m) from the same period last year, according to the company’s half-year report released today.

6 August 2020

FINANCIAL: UK NFI down 31% as Robert Walters sees 21% revenue decline

International professional recruiter Robert Walters became the latest staffing company to reveal the impact of the coronavirus pandemic on its finances, as UK net fee income fell by 31%.

30 July 2020

BDO report on recruitment sector: ‘Wall of cash available to be spent’

Despite the dramatic impact of Covid, funding is not an obstacle for recruitment companies wanting to do deals, “with a wall of cash waiting to be spent”.

29 July 2020

FINANCIALS: Revenue falls 6.9% at Heidrick & Struggles

International executive search firm and talent consultancy Heidrick & Struggles saw its revenue fall by 6.9% in the first six months of 2020, according to results announced today.

Executive search 28 July 2020

FINANCIALS: Revenue down 13% as RTC Group latest recruiter hit by pandemic

Aim-listed engineering and technical recruiter RTC Group is the latest public company to reveal the impact of the coronavirus pandemic, reporting a 13.3% fall in revenue for the six months to 30 June.

FINANCIALS: Adecco delivers solid results against worsening backdrop

International staffing giant Adecco delivered a solid set of results in 2019.

HOT 100 chart topper Falcon Green sells minority stake

Former Recruiter HOT 100 table-topping construction and engineering recruiter Falcon Green has agreed a deal to sell a minority stake in the business to two private investors.

Slashing Entrepreneurs’ Tax Relief ‘a significant disincentive to invest’ says industry investor

Last week’s Budget announcement by Chancellor Rishi Sunak to slash tax relief for entrepreneurs has been criticised by an investor in recruitment start-ups as “a significant disincentive to invest in and grow high-risk small business”.

17 March 2020

FINANCIALS: SThree flags potential impact of coronavirus but delivers robust net fee performance

Against the backdrop of “increasing global macro-economic uncertainties and challenges”, the CEO of international STEM recruiters SThree has flagged up the threat of the coronavirus to the company’s business.

Life sciences, Engineering 16 March 2020

FINANCIALS: Reports from Capita, Cross Country Healthcare and PageGroup

Capita, Cross Country Healthcare and PageGroup have experienced mixed fortunes in a bumper day for results in the recruitment sector.

FINANCIALS: Robert Walters battles against global challenges

International recruitment group Robert Walters delivered a marginal increase in gross profit, despite a turbulent year of political and economic challenges across the globe.

3 March 2020

FINANCIALS: Adecco revenue falls 3%

Recruitment giant Adecco has seen a 3% decrease in group revenue year-on-year in Q4 2019.

26 February 2020

FINANCIALS: Revenue falls for Heidrick & Struggles

Global executive search and consulting firm Heidrick & Struggles has seen revenue decline 2.8%, according to the firm’s results for the fourth quarter of the year.

FINANCIALS: RTC Group reveals rise in revenues

Engineering and technical recruiter RTC Group has seen group revenue rise 8%, according to audited results for the year ended 31 December 2019.

Oil & gas/Energy, Engineering 24 February 2020

FINANCIALS: PageGroup posts slight fall in profits

PageGroup has posted a marginal decline gross profit year-on-year, according to a trading update for Q4 and full year 2019.

18 February 2020

FINANCIALS: Kelly Services’ revenue down 5%

Global recruiter Kelly Services has seen revenue decline 5.4% year-on-year, according to results for the fourth quarter of 2019.

FINANCIALS: Randstad results reveal small drop in revenue

Recruitment giant Randstad has reported a slight decrease in revenue year-on-year, according to results for Q4 2019.

11 February 2020

FINANCIALS: US TrueBlue sees decline in revenue

US blue-collar recruiter TrueBlue has seen revenue decline 9% year-on-year, according to the company’s fourth-quarter results for 2019.

FINANCIALS: Challenges in Europe hit ManpowerGroup Q4 revenues

Recruitment giant ManpowerGroup has seen revenues drop 4% year-on-year, according to results for the three months to 31 December 2019.

FINANCIALS: Staffline predicts profits to be down following accounting review

Staffline now expects full-year 2019 profits to be materially below previous predictions.

31 January 2020

FINANCIALS: Offshore recruitment division boosts Empresaria’s growth

International specialist staffing group Empresaria has seen net fee income growth of 2% year-on-year in constant currency, according to a trading update for the year to 31 December 2019.

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