FINANCIALS: Revenue falls 6.9% at Heidrick & Struggles

International executive search firm and talent consultancy Heidrick & Struggles saw its revenue fall by 6.9% in the first six months of 2020, according to results announced today.

Excluding the impact of exchange rate fluctuations, which negatively impacted results by 1.2%, or $4m (£3.1m), consolidated net revenue in the six months to the end of June decreased 6.9% or $23.7m to $317.1m from $344.7m in H2 of 2019.

Despite Covid, the number of executive search consultants working for the company increased during the last 12 months, from 371 as of 30 June 2019 to 394 at the end of June this year. 

Commenting on the results, Heidrick & Struggles’ president and CEO Krishnan Rajagopalan said: “I’m very pleased with the way our people have risen to the occasion and the resilience they have demonstrated in serving the needs of our clients throughout these unprecedented times. 

“Our second quarter results underscore continued demand for our services even in a challenging environment as the ‘new normal’ begins to emerge.”

• Comment below on this story. Or let us know what you think by emailing us at [email protected] or tweet us to tell us your thoughts or share this story with a friend.

Revenue growth of almost £4m in Norman Broadbent year-end results

Norman Broadbent has revealed its best financial results in over a decade.

Financials 27 March 2024

APPOINTMENTS: 18-22 MARCH 2024

This week’s appointments include: Heidrick & Struggles, Institute of Student Employers, QLM Search

People 18 March 2024

APPOINTMENTS: 4-8 MARCH 2024

This week’s appointments include: greenbean, NRG, Pertemps, The IN Group

People 4 March 2024

NEW TO THE MARKET: 4-8 MARCH 2024

This week’s new launches include: Connect Appointments, Eventus Recruitment Group, Granger Reis, Localyze, The Intersection Network

New to Market 4 March 2024
Top