Strong international growth for Robert Walters
Robert Walters will continue to invest in regions with “strongest” opportunities for growth as revenues rise in its results for the year ended 31 December 2010.
Robert Walters will continue to invest in regions with “strongest” opportunities for growth as revenues rise in its results for the year ended 31 December 2010.
The group’s results reveal:
| 2010 | 2009 | % change | % change (constant currency) | |
| Revenue | £424.2m | £300.4m | +41% | +34% |
| Net fee income (gross profit) | £155.4m | £104.4m | +49% | +43% |
| Operating profit | £13.2m | £1.6m | +737% | +643% |
| Profit before taxation | £13.1m | £1.3m | +900% | +786% |
Meanwhile, the group has opened new offices in Chatswood, Sydney in February, adding to five other offices across Australia, while new offices are also planned in Nanjing, Taipei, Ho Chi Minh City, Parramatta and Frankfurt.
Robert Walters, chief executive, says: “Performance across the group has been strong, resulting in increased net fee income year-on-year with our Asia Pacific operations in particular delivering significant growth.
“The outlook for the year remains broadly positive. Our long-term investment in our international network has enabled us to build marketshare across the globe with 71% of the group’s NFI now generated outside of the UK. We intend to continue with this strategy and will seek to reinforce our established businesses, while identifying and investing in those regions providing the strongest opportunities for growth.”
