FINANCIALS: Capita, Hays, Impellam
28 February 2013
Three of the recruitment world’s largest groups have posted results, with broadly positive figures emerging.
Thu, 28 Feb 2013
Three of the recruitment world’s largest groups have posted results, with broadly positive figures emerging.
Capita
Outsourcing giant Capita has posted an increase in revenue of 14% to £3,352m and a rise in profit before tax of 10% to £426m for the year to 31 December 2012.
According to the full-year results, the company has had a “record sales year”, with £4bn worth of contract wins (2011: £2bn), of which 90% were new and 10% were contract extensions.
The figures include Capita’s largest ever contract win of £1.7bn over 20 years from Staffordshire County Council during the reported year.
Continuing the strong start to the year, the company has announced a two-year extension of its Civil Service training contract, worth an estimated £30m per year.
Hays
In its half-yearly report to 31 December 2012, the recruitment giant has delivered “a resilient profit performance considering the fragile and rapidly changing environment we faced in the half”, according to chief executive Alistair Cox.
With its report showing that net fees dipped to £360.3m from £373.8m in 2011 for the six months to 31 December, and operating profits from continuing operations were down -4% to £60.3m, the recruiter says the results should be seen in the context of “more fragile and fast-changing” conditions in several key markets.
Although the UK returned to profit, other markets were mixed. Germany’s net fees were up 19%, Canada up 36% and Russia up 37%. However, Asia-Pacific’s net fees decreased by 11%, blamed on markets here being “overall more challenging”.
Impellam
It its end of year results to 28 December 2012, recruitment group Impellam has posted in increase in revenue of 7% to £1,210.8m from £1,131.4m from 2011.
Gross profit, however, fell by 4.5% to £174.1m, compared to £182.3m in 2011.
Chairman Andrew Wilson, Chairman comments: "The year's operating performance reflects a tremendous effort by each of our four divisions against a back drop of continuing difficult economic environments and trading conditions in their respective markets.”
Three of the recruitment world’s largest groups have posted results, with broadly positive figures emerging.
Capita
Outsourcing giant Capita has posted an increase in revenue of 14% to £3,352m and a rise in profit before tax of 10% to £426m for the year to 31 December 2012.
According to the full-year results, the company has had a “record sales year”, with £4bn worth of contract wins (2011: £2bn), of which 90% were new and 10% were contract extensions.
The figures include Capita’s largest ever contract win of £1.7bn over 20 years from Staffordshire County Council during the reported year.
Continuing the strong start to the year, the company has announced a two-year extension of its Civil Service training contract, worth an estimated £30m per year.
Hays
In its half-yearly report to 31 December 2012, the recruitment giant has delivered “a resilient profit performance considering the fragile and rapidly changing environment we faced in the half”, according to chief executive Alistair Cox.
With its report showing that net fees dipped to £360.3m from £373.8m in 2011 for the six months to 31 December, and operating profits from continuing operations were down -4% to £60.3m, the recruiter says the results should be seen in the context of “more fragile and fast-changing” conditions in several key markets.
Although the UK returned to profit, other markets were mixed. Germany’s net fees were up 19%, Canada up 36% and Russia up 37%. However, Asia-Pacific’s net fees decreased by 11%, blamed on markets here being “overall more challenging”.
Impellam
It its end of year results to 28 December 2012, recruitment group Impellam has posted in increase in revenue of 7% to £1,210.8m from £1,131.4m from 2011.
Gross profit, however, fell by 4.5% to £174.1m, compared to £182.3m in 2011.
Chairman Andrew Wilson, Chairman comments: "The year's operating performance reflects a tremendous effort by each of our four divisions against a back drop of continuing difficult economic environments and trading conditions in their respective markets.”
