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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Hays plc    HAS   GB0004161021

HAYS PLC

(HAS)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/15 11:35:13 am
143.3 GBX   -1.71%
01/14HAYS : New lockdowns cloud Hays outlook, net fees slide on pandemic hit
RE
01/14HAYS : Expects Fiscal H1 Operating Profit to Plummet on COVID-19 Impact
MT
01/11HAYS PLC : half-yearly sales release
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Robert Walters revenue tumbles as lockdowns put hiring on ice

07/30/2020 | 01:45am EST

British recruiting firm Robert Walters' reported a 22% drop in half-year revenue along with a small profit on Thursday, while adding that current trading was in line with market expectations for the full year as it battles a coronavirus-driven collapse in hiring.

Recruiters around the globe were hammered by hiring freezes at the start of the health crisis, forcing peers PageGroup, SThree and Hays to report huge drops in net fees earlier this month.

The firm said it had cut group headcount by almost 600 staff, or around 14%, in the first half.

Robert Walters, which had already scrapped dividends and laid out cost cuts through the year, also reduced the number of consultants it employs in response to the downturn.

"Current trading is in line with market expectations for the full year, albeit visibility remains limited", Chief Executive Robert Walters said in a statement.

The company said revenue fell to 496.4 million pounds ($642.74 million) for the six months ended June 30 from 634.5 million pounds a year earlier, while pre-tax profit fell nearly 80%.

($1 = 0.7723 pounds)

(Reporting by Indranil Sarkar in Bengaluru; Editing by Bernard Orr)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HAYS PLC -1.71% 143.3 Delayed Quote.1.96%
PAGEGROUP -0.49% 445.8 Delayed Quote.0.13%
ROBERT WALTERS PLC -0.38% 528 Delayed Quote.12.05%
STHREE PLC -0.60% 330 Delayed Quote.11.24%
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Financials
Sales 2021 5 161 M 7 014 M 7 014 M
Net income 2021 30,9 M 42,0 M 42,0 M
Net cash 2021 293 M 398 M 398 M
P/E ratio 2021 74,4x
Yield 2021 0,94%
Capitalization 2 402 M 3 265 M 3 264 M
EV / Sales 2021 0,41x
EV / Sales 2022 0,37x
Nbr of Employees 10 438
Free-Float 99,2%
Chart HAYS PLC
Duration : Period :
Hays plc Technical Analysis Chart | HAS | GB0004161021 | MarketScreener
Technical analysis trends HAYS PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 138,46 GBX
Last Close Price 145,80 GBX
Spread / Highest target 9,74%
Spread / Average Target -5,03%
Spread / Lowest Target -17,7%
EPS Revisions
Managers and Directors
NameTitle
Alistair Richard Cox Chief Executive Officer & Executive Director
Andrew David Martin Non-Executive Chairman
Paul Venables Group Finance Director & Executive Director
Steve Weston Chief Technology Officer
Torsten G. Kreindl Independent Non-Executive Director
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