Hays sees full-year operating profit ahead of market expectations
Reuters
Published Jul 14, 2016 08:58
Hays sees full-year operating profit ahead of market expectations
(Reuters) - British recruiter Hays Plc (L:HAYS) said it expected full-year operating profit of about 180 million pounds, ahead of current market expectations, helped by strength in continental Europe.
Hays said its continental Europe and rest of world unit reported like-for-like growth of 21 percent in the fourth quarter ended 30 June, helped by strength in Germany, France and Switzerland.
The company, which places workers in areas such as finance, construction and IT, said UK and Ireland net fees fell 4 percent. Private-sector sentiment weakened in the run-up to the country's referendum on remaining a member of the EU, it added.
Peers Sthree Plc (L:STHR) and PageGroup Plc (L:PAGE) said earlier this week that hiring in the UK had slowed ahead of the referendum.
Analysts estimate the company will earn a full-year operating profit of about 177 million pounds, according to a company provided consensus.
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Written By: Reuters
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