"Amidst ongoing macroeconomic uncertainty, challenging Perm conditions, and weaker average hours worked in Germany, we are executing well against our strategy and continue to make significant operational progress.
Strong consultant fee productivity growth and cost discipline has broadly offset our lower net fees and we expect pre-exceptional operating profit in our first half to be c.£20m.
With our continued actions to reposition the business, I remain confident that we will benefit materially when markets recover."