The results reveal for the full year ended 31 December 2017, the group posted revenue of $456.7m (£332.1m) up 8% from 2016, or 7.9% in constant currency, with gross margin of $186.7m up 7.1% from 2016, or 6.6% in constant currency. This was led by strong growth in Asia Pacific and marginal growth in Europe. 

Though there was a decline in performance in the Americas and the group posted a net loss of $2.9m, or $0.09 per basic and diluted share, including goodwill impairment in China of $1.9m, compared with a net loss of $8.8m, or $0.26 per basic and diluted share, in 2016. 

For Q4 2017, the group saw revenue of $121.6m up 21.2% from Q4 2016, or 16.4% in constant currency, with gross margin of $48.7m up 13.9% from Q4 2016, or 8.7% in constant currency and net loss of $2m, or $0.06 per basic and diluted share, including goodwill impairment in China of $1.9m, compared with a net loss of $0.3m, or $0.01 per basic and diluted share, for Q4 2016.

Hudson CEO Stephen Nolan said: “We delivered solid gross margin growth in the fourth quarter, with growth in every product line, including permanent recruitment, temporary contracting, recruitment process outsourcing and talent management.

“We are pleased to report positive adjusted EBITDA for the sixth consecutive quarter as well as positive cash flow from operations. For the 2017 year, we delivered revenue and gross margin growth, significantly improved adjusted EBITDA and positive operating cashflow.”

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