SThree PLC - London-based staffing for science, technology, engineering and mathematics - Net fees down 8% in the financial year that ended November 30, after recovery in underlying business in the second half of the year from the affects of Covid-19. Net fees down 7% in fourth quarter, with fees in the US up 11% and down just 3% in Germany. Contract net fees, 76% of SThree's total, decline 7% in the recent year, with permanent net fees down 13%. Back in November, SThree upgraded its guidance for annual pretax profit to the top end of market expectations, which at the time were for pretax profit of between GBP23.7 million and GBP27.7 million, reflecting a 51% to 58% fall from GBP56.8 million in financial 2019.
Current stock price: 293.50 pence
Year-to-date change: down 23%
By Tom Waite; thomaslwaite@alliancenews.com
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SThree (STEM)