H1 TRADING UPDATE
15 JUNE 2020
H1-AN OVERVIEW
3 phases of response to the COVID-19 crisis by SThree
Initial response
Ongoing management
Recovery phase
SAFE AND EFFECTIVE OPERATIONSensuring the heath and safety of our teams whilst maintaining service levelsSECURING THE LONG-TERM STRENGTH OF THE GROUPensuring that we retain the skills, capacity and management capability to fulfil our undimmed strategic ambitions, whilst underpinning our financial strength
H1-TRADING
|
H12020YOY
|
Q22020YOY
|
Q12020YOY
|
|
Contract
|
-5%
|
-11%
|
+2%
|
|
Permanent
|
-12%
|
-17%
|
-6%
|
|
GROUP
|
-7%
|
-12%
|
0%
|
Contract showing resilience
76%
of net fees (H1 2019: 74%)
Strong balance sheet
£31m
net cash at 31 May 2020
Financial strength
£136m
total accessible liquidity comprises of cash,a £50 million RCF, £5moverdraft and £50m CCFF
H1-REGIONAL PERFORMANCE
DACH:
-
•Solid performance, grounded by significant growth in Q1
-
•Resilience in Tech-Infrastructure and Software Development
EMEA excluding DACH:
USA:
APAC:
|
H1 2020
|
H1 2020
YOY
|
Q2 2020
YOY
|
Q1 2020
YOY
|
|
DACH
|
£50.1m
|
-1%
|
-9%
|
+9%
|
|
EMEA exc DACH
|
£60.6m
|
-12%
|
-17%
|
-6%
|
|
USA
|
£35.4m
|
-1%
|
-2%
|
0%
|
|
APAC
|
£5.1m
|
-28%
|
-38%
|
-15%
|
|
GROUP
|
£151.2m
|
-7%
|
-12%
|
0%
|
H1-POSITIONING OURSELVES FOR THE FUTURE
Disclaimer
SThree plc published this content on 15 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2020 20:32:05 UTC
Canada
Deutschland
España
France
Italia
Schweiz (DE)
United Kingdom
Report
