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The latest update is out from SThree plc ( (GB:STEM) ).
SThree plc reported a 9% year-on-year decline in net fees for the financial year ending November 30, 2024, due to challenging market conditions. The company has maintained a robust balance sheet with net cash of £70 million and plans a share buyback program of up to £20 million. Despite decreased new business activity, contract extensions remained strong, underscoring the value of STEM roles. SThree is focusing on operational efficiencies through its Technology Improvement Programme to mitigate economic challenges and expects profit before tax for FY25 to be around £25 million. The company is strategically positioned for growth once market conditions improve, leveraging its specialized focus in STEM and contract roles.
More about SThree plc
SThree plc is a global specialist talent partner focused on roles in Science, Technology, Engineering, and Mathematics (STEM). The company provides staffing and recruitment services, emphasizing contract and permanent roles within these sectors. SThree operates across various regions, with a market focus that includes Europe, the United States, and Asia.
YTD Price Performance: -10.72%
Average Trading Volume: 226,046
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £476M
For a thorough assessment of STEM stock, go to TipRanks’ Stock Analysis page.
