UK solid as Russia tops growth for recruiters Hays
11 July 2013
Recruitment group Hays saw net fees rise 29% in its Russian operation, as the UK market delivered good growth, although Asia-Pacific decline meant only marginal growth was seen group-wide, in a trading update today, available online.
Thu, 11 Jul 2013Recruitment group Hays saw net fees rise 29% in its Russian operation, as the UK market delivered good growth, although Asia-Pacific decline meant only marginal growth was seen group-wide, in a trading update today, available online.
At 29% growth in the quarter ending 30 June versus the same period last year, Russia was the strongest performing market in the group, ahead of Singapore (27%), Canada (24%) and Hong Kong (21%).
However, with Australia and New Zealand fees taking a 17% hit, the Asia-Pacific region was dragged down and declined by 13%. Group-wide growth when adjusted for fluctuations in currency stood at 1%, following three quarters of marginal decline.
In the UK, broad-based growth saw temp fees increase 12% although permanent recruitment was flat. The North-West, Scotland & Northern Ireland and Midlands & Yorkshire divisions all grew by more than 10%, with construction & property, HR, IT and public sector amongst strong areas.
Chief executive officer Alistair Cox says: “Several markets are likely to remain challenging and these will sit alongside clear opportunities for growth. The diverse business we have built positions us well and we remain focussed on delivering long-term, sustainable growth while driving profits along the way.”
At 29% growth in the quarter ending 30 June versus the same period last year, Russia was the strongest performing market in the group, ahead of Singapore (27%), Canada (24%) and Hong Kong (21%).
However, with Australia and New Zealand fees taking a 17% hit, the Asia-Pacific region was dragged down and declined by 13%. Group-wide growth when adjusted for fluctuations in currency stood at 1%, following three quarters of marginal decline.
In the UK, broad-based growth saw temp fees increase 12% although permanent recruitment was flat. The North-West, Scotland & Northern Ireland and Midlands & Yorkshire divisions all grew by more than 10%, with construction & property, HR, IT and public sector amongst strong areas.
Chief executive officer Alistair Cox says: “Several markets are likely to remain challenging and these will sit alongside clear opportunities for growth. The diverse business we have built positions us well and we remain focussed on delivering long-term, sustainable growth while driving profits along the way.”
