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Pin to quick picksRobert Walters Regulatory News (RWA)

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Interim Management Statement

6 Oct 2010 07:00

RNS Number : 9169T
Robert Walters PLC
06 October 2010
 



6 October 2010

 

ROBERT WALTERS PLC

Interim management statement for the third quarter ending 30 September 2010

 

FINANCIAL HIGHLIGHTS

·; Group Q3 gross profit (net fee income) up 65% (56%*) to £42.5m (2009: £25.8m).

·; Asia Pacific Q3 gross profit up 92% (70%*) to £21.5m (2009: £11.2m).

·; UK Q3 gross profit up 49% (49%*) to £12.6m (2009: £8.5m).

·; Europe Q3 gross profit up 33% (40%*) to £7.4m (2009: £5.6m).

·; The Americas & South Africa Q3 gross profit up 61% (49%*) to £0.9m (2009: £0.6m).

·; Net cash position remains strong (£16m as at 30 September 2010).

·; Group headcount of 1,640 (30 September 2009: 1,232).

·; New offices opened in Germany and South Korea: the Group now has 41 offices in 20 countries.

 

Robert Walters, Chief Executive, commented:

 

"We are continuing to perform extremely well, with our Asia Pacific business maintaining its strong momentum. Trading in the UK has been positive, in spite of continued economic uncertainty and our offices in Europe have done well to achieve a healthy increase in net fee income during the traditionally quieter summer period.

 

"We have already taken steps to maximise opportunities in territories where we see strong growth prospects with our new offices in Germany and South Korea further extending our global footprint."

 

* Constant currency is calculated by applying prior year exchange rates to local currency results for the current and prior years.

 

ENQUIRIES:

Robert Walters plc

+44 (0) 20 7379 3333

Robert Walters, Chief Executive

Alan Bannatyne, Group Finance Director

Pelham Bell Pottinger

James Henderson

+44 (0) 20 7861 3160

jhenderson@pelhambellpottinger.co.uk

Archie Berens

+44 (0) 20 7861 3112

aberens@pelhambellpottinger.co.uk

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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