logo
Plus   Neg
Share
Email

Hays Q2 Net Fees Down 7% On Headline Basis

Hays plc. (HAS.L) reported that its Group net fees for the second quarter, ended 31 December 2019 decreased by 7% on a headline basis and by 4% on a like-for-like basis against the prior year.

Like-for-like net fees in Temp and Perm businesses declined by 3% and 6% respectively. Temp represented 58% of Group net fees, and Perm 42%.

Consultant headcount decreased by 1% in the quarter and by 2% year-on-year. The company expects Group headcount to be down in third-quarter FY20. During the quarter it opened one new office in Australia.

Net fees in Australia & New Zealand (ANZ) declined by 7%, versus a tough growth comparative.

Net fees fell by 9% in Germany, versus a tough growth comparative.

Net fee growth in the United Kingdom & Ireland (UK&I) decreased by 4%. Growth in Public sector business, which represented 31% of UK&I net fees, was good at 8%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tesla said it will produce ventilators at its Gigafactory in Buffalo, New York to support the city's hospitals amid the coronavirus pandemic. New York is the worst affected state in the U.S. Last Saturday, Musk tweeted that he "had a long engineering discussion with Medtronic about state-of-the-art ventilators. Luxury fashion house Ralph Lauren will donate $10 million to help fight the coronavirus pandemic and manufacture face masks as well as medical gowns in the U.S. The company's charity arm, the Ralph Lauren Corporate Foundation, said in a statement that it is committing $10 million towards the global response to the COVID-19 pandemic. General Motors Co. is delaying work on new vehicle models and is cutting pay for its executives as part of efforts to conserve cash amid the coronavirus or Covid-19 pandemic. The automotive giant also extended the shutdown of North American plants indefinitely. Multiple reports cited an internal memo that salaried workforce will have 20 percent of pay deferred starting April 1.
RELATED NEWS
Follow RTT
>