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Pin to quick picksRobert Walters Regulatory News (RWA)

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Trading update for second quarter ended 30 June 13

12 Jul 2013 07:00

RNS Number : 1630J
Robert Walters PLC
12 July 2013
 



Robert Walters plc

 

(the 'Company' or the 'Group')

 

Trading update for the second quarter ended 30 June 2013

 

Financial and operational highlights

 

Gross profit (Net Fee Income)

Q2 2013

(£m)

Q2 2012

(£m)

% change

% change (constant currency*)

Asia Pacific

24.3

23.9

1%

3%

UK

13.9

12.1

16%

N/A

Europe

10.7

10.0

7%

2%

Other International

2.2

1.6

35%

42%

Group

51.1

47.6

7%

7%

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

 

 

§ Group net fee income up 7% on Q2 2012 and sequential quarter-on-quarter net fee income growth of 10%

§ Net fee income increased across all regions

§ UK net fee income up 16%, with increased activity coming through regional offices supported by discipline diversification

§ Resource Solutions continues to perform well, winning 2 new contracts in the UK and 3 in Asia Pacific during the quarter

§ Group headcount stands at 2,212 (31 December 2012: 2,233)

§ Strong balance sheet with net cash of £6.9 million as at 30 June 2013 (30 June 2012: £4.5 million)

 

 

Robert Walters, Chief Executive, commented:

 

"The Group continues to trade in line with expectations and delivered a solid performance in the second quarter. In the UK, we have seen improved activity particularly in our regional offices and have grown our market share, placing an increased number of candidates in sectors such as commerce, HR, legal and IT. While the first half results are encouraging, we remain cautious about the overall global macroeconomic outlook and continue to manage our cost base accordingly."

 

The Company will publish its half-yearly financial results for the six months ended 30 June 2013 on 1 August 2013.

 

- Ends -

 

 

Further information

 

Robert Walters plc

Robert Walters, Chief Executive

Alan Bannatyne, Chief Financial Officer

 

+44 20 7379 3333

Pelham Bell Pottinger

Olly Scott

Charlie Goodwin

+44 20 7861 3232

 

 

About Robert Walters

 

Robert Walters is an international specialist recruitment consultancy with 53 offices spanning 24 countries.

 

http://www.robertwalters.com/ 

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