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


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
01/14HAYS : Expects Fiscal H1 Operating Profit to Plummet on COVID-19 Impact
01/11HAYS PLC : half-yearly sales release
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

SThree reports fall in net fees as coronavirus takes toll on hiring

06/15/2020 | 03:33am EST

British recruiting firm SThree reported a 7% fall in half-year net fees on Monday, with its UK and Japan businesses taking the biggest hit, as companies refrained from hiring new employees during the health crisis.

The recruitment industry has been reeling under the pressure of a hiring freeze as governments impose lockdowns to curb the spread of the COVID-19 pandemic. As a result, SThree ceased all recruiting activities in April, cut its dividend and slashed management pay to cushion the blow.

"Whilst lockdowns are currently being eased to differing extents globally, we still see heightened uncertainty continuing for some time," said Mark Dorman, chief executive officer of SThree.

The company, which hires employees for finance, energy, banking, pharmaceutical, engineering and tech sectors, said net fees earned for the six months to May 31 was 151.2 million pounds compared with 163 million pounds reported a year ago.

"With lockdown impacting the majority of the quarter, we see this as a very resilient performance," Liberum analyst Sanjay Vidyarthi said.

SThree, which posted a decline in fees earned across all its regions, said net fees in Japan and UK fell 24% and 14%, respectively, in the six months.

Its peers PageGroup Plc, Robert Walters and Hays have also taken some extreme steps to weather the coronavirus outbreak by cutting jobs, furloughing staff and slashing board pay, among other things.

(This story has been refiled to correct spelling of Dorman in paragraph 3)

(Reporting by Indranil Sarkar in Bengaluru; Editing by Amy Caren Daniel)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HAYS PLC -1.71% 143.3 Delayed Quote.0.21%
PAGEGROUP -0.49% 445.8 Delayed Quote.-0.36%
ROBERT WALTERS PLC -0.38% 528 Delayed Quote.11.63%
STHREE PLC -0.60% 330 Delayed Quote.10.74%
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More news
Sales 2021 5 161 M 7 012 M 7 012 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 73,1x
Yield 2021 0,96%
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%
Duration : Period :
Hays plc Technical Analysis Chart | HAS | GB0004161021 | MarketScreener
Technical analysis trends HAYS PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 13
Average target price 138,46 GBX
Last Close Price 143,30 GBX
Spread / Highest target 11,7%
Spread / Average Target -3,38%
Spread / Lowest Target -16,3%
EPS Revisions
Managers and Directors
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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