Robert Walters (GB:RWA) has released an update.
Robert Walters PLC reports a decrease in net fee income of 12% in Q3 2024 compared to the previous year, amidst persistent challenging global hiring markets and without expecting a material improvement in client and candidate confidence levels until 2025. The company, however, maintains a strong balance sheet with net cash of £50m and continues to implement its ‘disciplined entrepreneurialism’ strategy aimed at ensuring a profitable year-end. Regional performances varied, with Asia-Pacific and Europe experiencing declines, while the UK saw a significant drop in net fee income and the Rest of World region faced mixed results.
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