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SThree plc ( (GB:STEM) ) has issued an announcement.
SThree plc reported a 9% decline in group net fees for FY24 due to challenging market conditions, particularly affecting new business activity. Despite these challenges, robust contract extensions were noted, underscoring the value of STEM roles provided. The company plans a share buyback program of up to £20 million in response to its strong balance sheet and cash generation. Looking ahead, SThree anticipates continued economic uncertainty impacting FY25, but remains confident in its strategic focus on STEM and contract markets, alongside a robust technology platform.
More about SThree plc
SThree plc is a global specialist talent partner focused on roles in Science, Technology, Engineering, and Mathematics (STEM). The company operates in the talent acquisition industry, providing recruitment services primarily for the STEM sectors, emphasizing contract roles.
YTD Price Performance: -10.72%
Average Trading Volume: 226,046
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £476M
For an in-depth examination of STEM stock, go to TipRanks’ Stock Analysis page.
