Business
First Quarter Trading Update
First Quarter Trading Update.
About this update from Hays Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0142P\n Hays PLC\n 14 October 2021\n \n \n \n QUARTERLY UPDATE\n \n FOR THE THREE MONTHS ENDED\n30 SEPTEMBER 2021\n \n \n 14 October 2021\n \n \n \n \n Financial summary\n \n Growth in net fees for the quarter ended 30 September 2021 (Q1 FY22)\n \n \n \n \n \n \n (versus the same period last year)\n \n \n \n \n \n \n \n Growth\n \n \n \n \n \n \n Actual\n \n \n \n \n LFL\n \n \n \n \n \n \n By region:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Australia & New Zealand (ANZ)\n \n \n \n \n 29%\n \n \n \n \n 34%\n \n \n \n \n \n \n \n \n \n Germany\n \n \n \n \n 31%\n \n \n \n \n 39%\n \n \n \n \n \n \n \n \n \n United Kingdom & Ireland (UK&I)\n \n \n \n \n 44%\n \n \n \n \n 45%\n \n \n \n \n \n \n \n \n \n Rest of World (RoW)\n \n \n \n \n 37%\n \n \n \n \n 45%\n \n \n \n \n \n \n \n \n \n Total\n \n \n \n \n 36%\n \n \n \n \n 41%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n By segment:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Temporary\n \n \n \n \n 22%\n \n \n \n \n 26%\n \n \n \n \n \n \n \n \n \n Permanent\n \n \n \n \n 58%\n \n \n \n \n 65%\n \n \n \n \n \n \n Total\n \n \n \n \n 36%\n \n \n \n \n 41%\n \n \n \n \n \n \n \n Note: unless otherwise stated, all growth rates discussed in this statement are\n \n \n LFL (like-for-like) fees, representing year-on-year organic growth of continuing operations at constant currency.\n \n \n Highlights\n \n ·\n Fees up 41% with good sequential growth in all regions, particularly in Perm, up 65%. Group net fee exit rate of 40%, in line with the growth rate in the quarter, despite tougher growth comparatives. Fees in the quarter were in line with two years ago (Q1 FY20(1)), with Perm up 6% and Temp down 5%\n \n \n · \n Australia & New Zealand (ANZ): fees up 34% and sequentially increased versus Q4 FY21 with no material negative impacts from current lockdowns. Perm up an outstanding 95% and Temp up 13%\n \n ·\n Germany: fees up 39%, with Temp & Contracting up 36% and Perm up 56%. Fees and activity improved through the quarter and we ended the period with a record number of Contractors\n \n · \n UK & Ireland (UK&I): fees up 45%, led by a strong Perm performance, up 69%, with Temp up 29%. G...