pivot

Latest quarter – Q4 FY16 update

"WE DELIVERED A GOOD PERFORMANCE TO END OUR FINANCIAL YEAR AND EXPECT FULL YEAR PROFITS TO BE AHEAD OF CURRENT MARKET EXPECTATIONS."

We have also achieved our goal of eliminating the Group’s net debt. Europe delivered further excellent growth, benefiting from all-time record performances in Germany and France, among 13 European countries to grow by over 20%. Our Australian business continued its recovery, with strong growth in New South Wales, Victoria and in the public sector markets, partially offset by continued tough conditions in the mining-focused regions. In the UK the public sector recruitment market remained challenging, while private sector sentiment weakened in the run up to the EU Referendum.

Looking ahead, conditions in most international markets remain supportive and although there is significantly increased uncertainty in the UK, it is too early to say how the result of the Referendum will impact our results going forward. We have consciously built the most diverse, balanced and resilient global business in our industry, across 20 specialisms in 33 countries. We have a strong balance sheet, experienced management teams around the world and deep expertise in the Temporary, Contractor and Permanent recruitment markets. These combined attributes are unique and more important than ever. At times like this they stand us in good stead, and we remain well placed to continue to deliver sector-leading profits and cash generation."

Key quarterly statistics

Growth in net fees for the quarter ended 30 June 2016 (Q4 FY16)
(versus the same period last year) 
Growth
Actual LFL(1)
By region
Asia Pacific 7% 4%
Continental Europe & Rest of World 29% 21%
United Kingdom & Ireland (3)% (4)%
Total 12% 8%
By segment
Temporary 15% 10%
Permanent 9% 6%
Total 12% 8%

(1) LFL (like-for-like) growth represents organic growth at constant currency and excludes the impact of acquisitions.

Quarterly highlights

  • Good overall growth of 8%(1) including a c.3% working day benefit
  • Excellent cash performance, driving the elimination of the Group’s net debt and a year-end net cash position of c.£40 million
  • Excellent broad-based growth of 21%(1) in Continental Europe & Rest of World, driven by Germany up 23%(1) and 12 more countries growing by over 20%(1), including Belgium, France and Switzerland
  • Asia Pacific growth of 4%(1), with good 6%(1) growth in Australia, driven by public sector. Net fees in Asia decreased by 1%(1)
  • UK & Ireland decreased by 4%(1). Public sector markets remained tough, down 8%(1). Private sector was down 2%(1) as client sentiment weakened towards the end of the quarter
  • Group consultant headcount was up 3% year-on-year and flat through the quarter

(1) LFL (like-for-like) growth represents organic growth at constant currency and excludes the impact of acquisitions.

Register for email alerts

Results archive

Title
Press release
Presentation
Webcast
Interviews
Quarterly Update for the three months ended 30 June 2016
Quarterly Update for the three months ended 31 March 2016
Half year report for the period ended 31 December 2015
Quarterly Update for the three months ended 31 December 2015
Quarterly Update for the three months ended 30 September 2015
Title
Press release
Presentation
Webcast
Interviews
Preliminary results for the period ended 30 June 2015
Trading Update for quarter ended 30 June 2015
Interim Management Statement of the quarter ended 31 March 2015
Half year report for the period ended 31 December 2014
Trading Update for the quarter ended 31 December 2014
Interim Management Statement for the quarter ended 30 September 2014
Title
Press release
Presentation
Webcast
Interviews
Preliminary results for the period ended 30 June 2014
Trading Update for quarter ended 30 June 2014
Interim Management Statement of the quarter ended 31 March 2014
Half year report for the period ended 31 December 2013
Trading Update for the quarter ended 31 December 2013
Interim Management Statement for the quarter ended 30 September 2013
Title
Press release
Presentation
Webcast
Interviews
Preliminary results for the period ended 30 June 2013
Trading Update for quarter ended 30 June 2013
Interim Management Statement of the quarter ended 31 March 2013
Half year report for the period ended 31 December 2012
Trading Update for the quarter ended 31 December 2012
Interim Management Statement for the quarter ended 30 September 2012
Title
Press release
Presentation
Webcast
Interviews
Preliminary results for the period ended 30 June 2012
Trading Update for quarter ended 30 June 2012
Interim Management Statement of the quarter ended 31 March 2012
Half year report for the period ended 31 December 2011
Trading Update for the quarter ended 31 December 2011
Interim Management Statement for the quarter ended 30 September 2011
Title
Press release
Presentation
Webcast
Interviews
Preliminary results for the period ended 30 June 2011
Trading Update for quarter ended 30 June 2011
Interim Management Statement for the quarter ended 30 September 2010
Interim Management Statement of the quarter ended 31 March 2011
Trading Update for the quarter ended 31 December 2010
Half year report for the period ended 31 December 2010
Title
Press release
Presentation
Webcast
Interviews
Preliminary results for the period ended 30 June 2010
Trading Update for quarter ended 30 June 2010
Interim Management Statement of the quarter ended 31 March 2010
Half year report for the period ended 31 December 2009
Trading Update for the quarter ended 31 December 2009
Interim Management Statement for the quarter ended 30 September 2009
Preliminary results for the period ended 30 June 2009
Trading Update for quarter ended 30 June 2009
Interim Management Statement of the quarter ended 31 March 2009
Half year report for the period ended 31 December 2008
Trading Update for the quarter ended 31 December 2008
Interim Management Statement for the quarter ended 30 September 2008