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

STHREE PLC

(STHR)
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Delayed Quote. Delayed London Stock Exchange - 01/26 11:35:29 am
330 GBX   -2.80%
01/25Need to hire problem-solvers boosts recruiter SThree
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Recruiter SThree first-half profit halves as virus halts hiring; shares slip

07/20/2020 | 01:10am EST

British recruiting firm SThree Plc said on Monday its first-half profit nearly halved, as coronavirus lockdowns slowed hiring globally, sending its shares about 4% lower in early trade.

British recruiting firm SThree Plc said on Monday its first-half profit nearly halved, as coronavirus lockdowns slowed hiring globally, sending its shares about 4% lower in early trade.

"There is no doubt that the pandemic has turned working practices on their head and accelerated trends such as flexible working," Chief Executive Officer Mark Dorman said in a statement.

The recruitment industry has been reeling under the pressure of a hiring freeze, after governments imposed lockdowns to curb the spread of the COVID-19 pandemic.

In response, SThree had ceased all hiring activities in April and cut its dividend and slashed management pay to cushion the blow.

SThree, which operates in 16 countries, also said net fees fell 7% to 151.2 million pounds ($189.74 million).

However, analysts at Liberum pointed out in a note that the company's balance sheet was solid, adding it could withstand worst case scenarios.

Its peers PageGroup Plc, Robert Walters and Hays have also reported huge drops in net fees earlier this month.

SThree, which hires employees for finance, energy, banking, pharmaceutical, engineering and tech sectors, said adjusted pretax profit for six months to May 31 dropped to 12.6 million pounds, from 24 million pounds in the year-ago period.

(Reporting by Indranil Sarkar in Bengaluru; Editing by Rashmi Aich)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HAYS PLC 0.00% 141.9 Delayed Quote.-0.77%
PAGEGROUP 0.54% 443.8 Delayed Quote.-0.80%
ROBERT WALTERS PLC 0.37% 540 Delayed Quote.14.16%
STHREE PLC -2.80% 330 Delayed Quote.10.74%
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Financials
Sales 2020 1 220 M 1 675 M 1 675 M
Net income 2020 19,5 M 26,7 M 26,7 M
Net cash 2020 42,9 M 59,0 M 59,0 M
P/E ratio 2020 23,3x
Yield 2020 0,78%
Capitalization 433 M 595 M 595 M
EV / Sales 2020 0,32x
EV / Sales 2021 0,31x
Nbr of Employees 3 000
Free-Float 89,2%
Chart STHREE PLC
Duration : Period :
SThree plc Technical Analysis Chart | MarketScreener
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Technical analysis trends STHREE PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 397,14 GBX
Last Close Price 330,00 GBX
Spread / Highest target 43,9%
Spread / Average Target 20,3%
Spread / Lowest Target -6,06%
EPS Revisions
Managers and Directors
NameTitle
Mark Dorman Chief Executive Officer & Director
James Bilefield Non-Executive Chairman
Alex Smith Chief Financial Officer & Executive Director
Anne Kathleen Fahy Non-Executive Director
Denise Collis Independent Non-Executive Director
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