April 14 (Reuters) - British recruiting firm Robert Walters
Plc said on Wednesday it expected annual profit to beat
market expectations as its key markets saw signs of a pickup in
The recruiter, however, cautioned that it was difficult to
be certain of any further global disruptive events ahead, with
many nations introducing fresh restrictions to curb the second
wave of the COVID-19 pandemic.
In the past few days, its peers PageGroup and Hays
have also showed confidence in their annual profit
outlook after demand for new recruits surged last month.
Recruiters around the globe were badly hit last year as the
pandemic-induced financial crisis forced most firms to halt new
hiring. However, a ramp-up in vaccinations and re-opening of
some economies have encouraged many companies to resume
Robert Walters, which books majority of its fees outside the
UK, posted a 12% fall in net fee income to 77.3 million pounds
($106.51 million) for its first quarter ended March 31. It had
reported a drop in fees of 24%, 31% and 33% in the preceding
three quarters, respectively.
The company, which has over 3,000 employees across more than
30 countries, said its headcount increased by 74 during the
($1 = 0.7257 pounds)
(Reporting by Indranil Sarkar in Bengaluru; Editing by