Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  SThree Plc    STHR   GB00B0KM9T71

STHREE PLC

(STHR)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

SThree : Profits rise at recruiter SThree, UK revenue drops

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/22/2019 | 03:01am EDT

(Reuters) - Recruiter SThree Plc posted an 18% rise in pretax profit in the first half of the year, bolstered by strong international hiring as it battles a significant slowdown in a British home market whose influence on its overall performance is declining fast.

The company, which hires employees for financial, energy, banking and pharmaceutical companies, said adjusted pretax profit for the half year ended May 31 rose to £24 million from £20.3 million a year ago.

Net fees in its two biggest markets - continental Europe and the United States, grew 13%, raising group revenue to £653.3 million from £585.9 million a year ago.

However, similarly to rivals Robert Walters and Hays, SThree reported a 9% slump in fees generated in a UK and Ireland market which now accounts for just 14% of its overall net fee revenue.

Recruiters have become important barometers of the UK economy, as doubts on the time and shape of the country's departure from the European Union cast a shadow over decision making by companies and workers.

Contract hiring in the UK market, to which the recruiter is trying to pivot as it bids to ride out the Brexit nerves, fell 6% in the half year while permanent hiring plummeted 25%.

Recruitment industry group REC said earlier this month that the number of people hired for permanent jobs via recruitment firms in Britain fell for a fourth month in a row in June.

SThree, like other recruiters, has been latching on international growth as the job market at home remains cool due to low unemployment rate and uncertainty surrounding Brexit.

(Reporting by Sangameswaran S in Bengaluru; editing by Patrick Graham)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on STHREE PLC
08/07STHREE : Corporate Social Responsibility in Recruitment
PU
08/05STHREE : Kate Holden appointed as SThree's Chief Strategy and Development Office..
PU
08/01STHREE : US veteran joins Computer Futures' Salesforce team
PU
07/24STHREE : Drew Evans named among SIA's '40 Under 40'
PU
07/22STHREE : Interim Results
PU
07/22STHREE : Profits rise at recruiter SThree, UK revenue drops
RE
07/09ROBERT WALTERS : falters in home turf as Brexit dents hiring
RE
07/09STHREE : Are New Ways of Working Really That Good For Your Wellbeing?
PU
07/01STHREE : Directorate Change
PU
06/14LONDON STOCK EXCHANGE : FTSE 100 dips as global growth concerns dominate; Kier h..
RE
More news
Financials (GBP)
Sales 2019 1 399 M
EBIT 2019 59,9 M
Net income 2019 43,1 M
Finance 2019 3,34 M
Yield 2019 5,85%
P/E ratio 2019 7,88x
P/E ratio 2020 7,30x
EV / Sales2019 0,23x
EV / Sales2020 0,21x
Capitalization 329 M
Chart STHREE PLC
Duration : Period :
SThree Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends STHREE PLC
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Average target price 399,17  GBp
Last Close Price 260,00  GBp
Spread / Highest target 73,1%
Spread / Average Target 53,5%
Spread / Lowest Target 23,1%
EPS Revisions
Managers
NameTitle
Gary Elden Chief Executive Officer & Executive Director
James Bilefield Non-Executive Chairman
Justin Hughes Chief Operating Officer & Executive Director
Alex Smith Chief Financial Officer & Executive Director
Lance Fisher Chief Information Officer & Managing Partner
Sector and Competitors
1st jan.Capitalization (M$)
STHREE PLC-9.25%399
RANDSTAD N.V.4.34%8 440
ADECCO GROUP11.26%8 394
ROBERT HALF INTERNATIONAL-6.19%6 198
MANPOWERGROUP INC.31.10%4 994
PERSOL HOLDINGS CO LTD37.41%4 835