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HAS - Hays News Story

166.03p 3.4  2.1%

Last Trade - 2:56pm

Sector
Industrials
Size
Large Cap
Market Cap £2.73bn
Enterprise Value £2.56bn
Revenue £5.58bn
Position in Universe 269th / 1819

UPDATE 1-Robert Walters sees annual profit above expectations on hiring pickup

Wed 14th April, 2021 8:02am
(Adds details on net fees, headcount and background)
    April 14 (Reuters) - British recruiting firm Robert Walters
Plc  RWA.L  said on Wednesday it expected annual profit to beat
market expectations as its key markets saw signs of a pickup in
hiring.
    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  PAGE.L  and Hays
 HAYS.L  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
recruiting.  
    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
quarter. 
    
($1 = 0.7257 pounds)

 (Reporting by Indranil Sarkar in Bengaluru; Editing by
Subhranshu Sahu)
 ((Indranil.Sarkar@thomsonreuters.com; Mobile:  +91
7022132226;))
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