FINANCIALS: SThree Q1 results show worldwide growth
16 March 2015
First quarter results for international specialist staffing business SThree reveal that the company has increased its sales headcount in the Americas by 36% year-on-year, mirroring the company’s rising performance there.
Mon, 16 Mar 2015First quarter results for international specialist staffing business SThree reveal that the company has increased its sales headcount in the Americas by 36% year-on-year, mirroring the company’s rising performance there.
According to the results released Friday [13 March], and which all figures mentioned relate to year-on-year Q1 comparisons, performance in the Americas has grown 38% and now represents 17% of SThree’s group gross profit (GP).
Group sales headcount was up 6%, a percentage equal to the increase in the UK & Ireland. However, sales headcount dropped by 6% in Asia Pacific and the Middle East.
Group GP was up 17%, with contract GP up 24%. Contract now accounts for 65% of group GP, the results statement said.
Permanent GP was up 6%, with permanent deal pipeline volume up 12%.
In the beleaguered energy sector, SThree’s energy gross profit was up 14% for Q1, “but with deal activity sharply down year-on-year in Q1, as expected”, the results report said.
Chief executive Gary Elden noted that “strong growth in ICT, life sciences and the Americas [were] helping to offset the weakness in energy during the period”.
SThree reported net debt of about £25m.
According to the results released Friday [13 March], and which all figures mentioned relate to year-on-year Q1 comparisons, performance in the Americas has grown 38% and now represents 17% of SThree’s group gross profit (GP).
Group sales headcount was up 6%, a percentage equal to the increase in the UK & Ireland. However, sales headcount dropped by 6% in Asia Pacific and the Middle East.
Group GP was up 17%, with contract GP up 24%. Contract now accounts for 65% of group GP, the results statement said.
Permanent GP was up 6%, with permanent deal pipeline volume up 12%.
In the beleaguered energy sector, SThree’s energy gross profit was up 14% for Q1, “but with deal activity sharply down year-on-year in Q1, as expected”, the results report said.
Chief executive Gary Elden noted that “strong growth in ICT, life sciences and the Americas [were] helping to offset the weakness in energy during the period”.
SThree reported net debt of about £25m.
