FINANCIALS: Robert Walters enjoys ‘strong’ Q2

Global recruitment firm Robert Walters has enjoyed a “strong” second quarter, with all regions returning to net fee income (NFI) growth.

In a trading update for the second quarter ended 30 June 2021, group-wide the company saw a 31% increase in gross profit, in constant currency, between Q2 2020 and Q2 2021. Geographically, Asia Pacific experienced a 48% increase in NFI from Q2 2020 to Q2 2021, Europe a 26% increase from the same period.

The UK saw the lowest increase, just 9%, between Q2 2020 and Q2 2021. Other international operations saw NFI rise by 20% between 2020 and 2021. Eighty per cent of the group’s NFI now comes from international operations.

A company statement said: “Trading momentum continued to accelerate through the second quarter with the group’s performance in June particularly strong. Profit for the full year is now expected to be significantly ahead of the level signalled in our recent [June 11] trading update.”

Current company headcount stands at 3,230.

• 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

The Shore Group helps construction contractors with work clothes

Brighton-based construction recruiter The Shore Group has launched a new incentive to fight back against the squeeze of client cost pressures and a shortage of skilled labour.

16 September 2021

Hospitality businesses more difficult to fill, as ONS highlights recruiting crisis

The Office of National Statistics reports that as the UK wrestles with a recruiting crisis across the country, hospitality businesses are most likely to be struggling to fill roles.

16 September 2021

Government and companies create jobs across the UK

A record £650bn infrastructure investment will support 425,000 jobs a year, according to a new Infrastructure Pipeline.

16 September 2021

Recruitment industry criticises NI increases for social care reforms

The announcement yesterday [7 September] of National Insurance (NI) and dividend tax increases to cover NHS and social care reforms has been roundly criticised by representatives of the recruitment sector and umbrella workers.

Legislation 8 September 2021
Top