FINANCIALS: Hudson Global profits up 6.4% over 2014
27 February 2015
US-listed professional recruiter Hudson Global’s latest financial statement, released yesterday [26 February], shows a 6.4% increase in gross margin (gross profit) across the group for the year ended 31 December – US$222.8m (£144.7m), up from $209.4m in 2013.
Fri, 27 Feb 2015US-listed professional recruiter Hudson Global’s latest financial statement, released yesterday [26 February], shows a 6.4% increase in gross margin (gross profit) across the group for the year ended 31 December – US$222.8m (£144.7m), up from $209.4m in 2013.
Gross margins were up in all operating territories – Americas ($18.7k to $20.7k), Asia Pacific ($87.1k to $93k) and Europe ($103.6k to $109k).
Revenue was also up in Asia Pacific ($232.7k to $246.9k) and Europe ($278k to $284.2k), but down almost $2k in the Americas ($51.8k to $50.1k).
The firm also released a summary of its 2014 Q4 results, which reveal a gross margin profit of $53.3m, an increase of 0.8% from the same period in 2013.
Revenue for that period was $136.7m, a decrease of 2.4% on the 2013 Q4.
The company incurred restructuring costs of $3.8m over the whole year, including $1.8m in Q4.
Hudson chairman and chief executive Manolo Marquez said in a statement: “We have made meaningful progress in the company’s transformation, narrowed our focus on our core business lines with the sale of Legal eDiscovery and further strengthened our path to profitability.”
The company “divested” its legal process outsourcing company Legal eDiscovery in Q4 and though it did not list the sale price, Recruiter previously reported that the sale earned $23m.
Gross margins were up in all operating territories – Americas ($18.7k to $20.7k), Asia Pacific ($87.1k to $93k) and Europe ($103.6k to $109k).
Revenue was also up in Asia Pacific ($232.7k to $246.9k) and Europe ($278k to $284.2k), but down almost $2k in the Americas ($51.8k to $50.1k).
The firm also released a summary of its 2014 Q4 results, which reveal a gross margin profit of $53.3m, an increase of 0.8% from the same period in 2013.
Revenue for that period was $136.7m, a decrease of 2.4% on the 2013 Q4.
The company incurred restructuring costs of $3.8m over the whole year, including $1.8m in Q4.
Hudson chairman and chief executive Manolo Marquez said in a statement: “We have made meaningful progress in the company’s transformation, narrowed our focus on our core business lines with the sale of Legal eDiscovery and further strengthened our path to profitability.”
The company “divested” its legal process outsourcing company Legal eDiscovery in Q4 and though it did not list the sale price, Recruiter previously reported that the sale earned $23m.
