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.

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