Robert Walters’ UK net fee income up 7% YoY
Robert Walters has released its trading update for the second quarter ended 30th June 2016, revealing that group net fee income is up 16% year-on-year.
The group’s net fee income rose from £60.0m in Q2 2015 to £69.3m in Q2 2016.
UK net fee income is up 7% to £21.6m in Q2 2016 from £20.2m in Q2 2015.
Growth rates were strongest in the group’s Asia Pacific and Continental European regions.
In Asia Pacific, the group’s largest region, net fee income is up 14%, from £25.8m in Q2 2015 to £29.4m in Q2 2016. The group states that Japan, Indonesia, New Zealand, Taiwan and Thailand delivered record results. It says there was also good progress in Australia.
Europe net fee income is up 37% from £11.2m in Q2 2015 to £15.4m in Q2 2016.
Six countries grew net fee income in excess of 20%, Robert Walters reveals.
Robert Walters, chief executive, commented, “The Group performed well in the second quarter increasing net fee income by 16% year-on-year with our Asia Pacific and Continental Europe regions again delivering the strongest performances.
“Looking ahead, despite the uncertainty in the UK market, the strength of our globally diversified business, our robust balance sheet and blend of permanent, contract and recruitment process outsourcing revenue streams, ensures we are well positioned to take advantage of growth opportunities where they arise.”
The Group will publish its half-year results for the six months ended 30th June 2016 on 28th July 2016.