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Hays plc ( (GB:HAS) ) has shared an announcement.
Hays plc reported a 12% decline in net fees on a like-for-like basis for the quarter ending December 2024. The company experienced stability in temporary and contracting roles, while permanent roles saw a decline, particularly in the EMEA, UK&I, and Germany. Despite challenging markets, Hays has made strategic advancements towards cost-saving initiatives and operational improvements, with consultant productivity increasing by 4% year-on-year. The company is positioning itself to capitalize on long-term growth markets and enhance profitability and resilience, expecting a positive impact from its defined benefit pension buy-in by FY26.
More about Hays plc
Hays plc operates in the recruitment industry, specializing in filling temporary and permanent positions across various sectors. The company has a significant presence in regions including Germany, the United Kingdom & Ireland, and Australia & New Zealand, focusing on markets such as technology, engineering, accountancy & finance, and construction & property.
YTD Price Performance: -11.08%
Average Trading Volume: 3,535,802
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.13B
Learn more about HAS stock on TipRanks’ Stock Analysis page.
