Recruitment firm Robert Walters falls as tariffs worsen hiring woes

Robert Walters

15/04/2025 11:39

** British recruiter Robert Walters' RWA.L shares down as much as 3.7% to 219p

** Company says visibility on forecast for rest of year is limited as U.S. tariffs will likely exacerbate an already weak hiring market

** "Increased uncertainty regarding the flow of global trade due to tariffs is likely to be a further headwind to client and candidate confidence in the near term" - CEO Toby Fowlston

** Company posts 16% drop in Q1 net fee income

** Panmure Liberum cuts PT on company's shares to 290p from 360p, expects costs savings to mitigate net fee income decline in FY 25

** Brokerage says it will be hard for the company to avoid a loss before tax in FY 25

** As of Monday's close, stock down 31.8% so far this year

(Reporting by Simone Lobo in Bengaluru)

((Simone.Lobo@thomsonreuters.com; +919920570373))