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Q4 Robert Walters results show strong momentum continues

Financial and operational highlights  

Gross Profit (Net Fee Income)

Q4 2014

Q4 2013

% change

% change (constant currency)

Group

&pound56.2m

&pound49.7m

13%

17%

Asia Pacific

&pound23.0m

&pound21.8m

5%

11%

UK

&pound19.1m

&pound15.1m

27%

27%

Europe

&pound11.5m

&pound10.8m

6%

13%

Other International

&pound2.6m

&pound2.0m

27%

27%

Strong growth across all of the Group’s regions and, significantly, in both established and emerging recruitment markets.

Exceptional performance in the UK with net fee income increasing by 27% year on year.        - Recruitment activity in the regions has remained strong, encouragingly, we are also seeing increased activity in permanent financial services recruitment in London.
- Resource Solutions, the Group’s recruitment process outsourcing business continued to deliver excellent growth.

Asia Pacific net fee income up 11% in constant currency.
- Strong performance across Asia in both well-established businesses such as Singapore, Japan and Malaysia and in emerging markets such as Indonesia, Taiwan, Thailand and Vietnam.
- Australia, the region’s largest business, continues to stabilise.

Solid growth in Europe with net fee income up 13% in constant currency.
- Net fee income growth rates highest in Spain and Ireland.
-  Good performances from our businesses in Belgium and the Netherlands and a robust result in France, where our contract business continues to perform well. 

Group headcount stands at 2,629 (31 December 2013: 2,307).  

Strong balance sheet with net cash of &pound14.0m as at 31 December 2014 (31 December 2013: &pound18.2m).  

 

 

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