REG - Robert Walters PLC - 2024 Capital Markets Event

Robert WaltersAnnouncement

26/09/2024 07:00

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RNS Number : 7076F  Robert Walters PLC  26 September 2024

 

 

 

26 September 2024

 

 

ROBERT WALTERS PLC

 

Capital Markets Event

 

Unlocking potential through disciplined entrepreneurialism

 

 

Robert Walters plc ("the Company" or "the Group"), the global talent solutions
business, is today hosting a capital markets event for investors and analysts
at its central London office, commencing at 2pm UK time.

 

During the event, management will set out the key components of 'disciplined
entrepreneurialism' - the refreshed strategic approach to running the Group
over the medium-term, the implementation of which commenced earlier this year.
Disciplined entrepreneurialism will unlock even more of the Group's potential,
so that the business operates with greater efficiency and at higher rates of
profitability than previously seen.

 

The event will be hosted by Toby Fowlston, CEO, and David Bower, CFO, together
with a number of the senior management team from across the business. In
particular, the event will give further detail on the Group's key medium-term
actions and plans:

 

·      In specialist recruitment, the Group's geographic portfolio will
be managed more robustly to drive better decisions on where and how to invest

·      In recruitment outsourcing, the Group's operating model is being
optimised to strengthen the platform from which profitable growth can be
targeted

·      Across the business, the areas showing the greatest potential to
drive the most compelling returns over the medium-term have been identified,
and investment into these areas has commenced

·      With regard to financial returns, a programme of actions is
underway encompassing fee earner productivity, an optimised front and
back-office model and better procurement.

The above underpins the Group's aim to achieve two new medium-term targets
which it is issuing today:

 

1.     A through-cycle conversion rate in the range of 16-19%

2.     An uplift on pre-pandemic(1) free cash flow per share in excess of
30%

No further material or price sensitive information will be disclosed at the
event.

 

The event will also be live webcast and can be accessed at the following link:

 

https://brrmedia.news/RWA_CMD_24 (https://brrmedia.news/RWA_CMD_24)

 

A recording of the event will be made available on the Company's website in
due course.

 

 

(1)Average free cash flow per share in the period 2017-2019 was 41p

 

- Ends -

 

 

 

Enquiries

 

 Robert Walters plc

 Dami Tanimowo - Head of Investor Relations                                 +44 (0) 7340 660 425

 dami.tanimowo@robertwalters.com (mailto:dami.tanimowo@robertwalters.com)

 Williams Nicolson (Media enquiries)

 Steffan Williams                                                           +44 (0) 7767 345 563

 William Barker                                                             +44 (0) 7534 068 657

 rw@williamsnicolson.com (mailto:rw@williamsnicolson.com)

 

About Robert Walters

Established in 1985, Robert Walters is a global talent solutions business
operating in 31 countries across the globe. We support organisations to build
high-performing teams, and help professionals to grow meaningful careers. Our
client base ranges from the world's leading blue-chip corporates through to
SMEs and start-ups.

 

We deliver three core services:

 

·      Specialist professional recruitment - encompassing permanent and
temporary recruitment, executive search and interim management.

·      Recruitment outsourcing - enabling organisations to transfer all,
or part of, their recruitment needs to us either through recruitment process
outsourcing (RPO) or contingent workforce solutions (CWS).

·      Talent Advisory - supporting the growth of organisations through
market intelligence, talent development, and future of work consultancy.

 

Our approximately 3,600 employees are passionate about powering people and
organisations to fulfil their unique potential. We take the time to listen to,
and fully connect with, the people and organisations we partner with. Our
ability to truly understand them and create and share their compelling stories
is what sets us apart.

www.robertwalters.com (http://www.robertwalters.com)

 

Forward looking statements

This announcement contains certain forward-looking statements.  These
statements are made by the directors in good faith based on the information
available to them at the time of their approval of this announcement and such
statements should be treated with caution due to the inherent uncertainties,
including both economic and business risk factors, underlying any such
forward-looking information.

 

 

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