Recruiters in Europe drop after Hays forecasts annual profit drop

Pagegroup

19/06/2025 08:33

** Shares in recruitment companies in Europe slide on Thursday

** British recruiter Hays' HAYS.L forecasts a more than 57% drop in annual operating profit to 45 million pounds  ($60.36 million), falling short of market view of 56.4 million pounds

** Hays' shares fall about 13% at 0716 GMT

** Co reports broad weakness in permanent hiring

** Jefferies analysts say the weaker-than-expected performance is especially negative for rival Page Group PAGE.L, as permanent activity is about 72% of group fees

** Page Group falls about 6.5% to April lows; Randstad RAND.AS, Adecco ADEN.S are both down some 3.5%

($1 = 0.7455 pounds)

 (Reporting by Anna Pruchnicka)

 ((anna.pruchnicka@tr.com))