SThree plc (GB:STEM) has released an update.
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SThree plc, the global specialist STEM talent partner, reports an 8% year-over-year decline in net fees amidst challenging market conditions for Q3 FY24, with continued strength in contract extensions. The company maintains a strong balance sheet with £45 million in net cash and expects a return to normalized levels soon, while their Technology Improvement Programme is advancing as planned. Despite the market downturn, SThree’s strategic focus positions them for sustainable long-term growth once market conditions improve.
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