Business
Q1 Trading Update
Q1 Trading Update.
About this update from Hays Plc
[{"type":"text","content":"\n \nRNS Number : 3766T Hays PLC 12 October 2017 \n\nQUARTERLY UPDATE\nFOR THE THREE MONTHS ENDED\n30 September 2017\n12 October 2017\n \n \nFinancial summary\nGrowth in net fees for the quarter ended 30 September 2017 (Q1 FY18)\n\n\n\n\n(versus the same period last year)\n \n\n\nGrowth\n\n\n\n\nActual\n\n\nLFL(1)\n\n\n\n\nBy region\n\n\n\n\n\n\n\n\n\n\n\n\n\nAsia Pacific\n\n\n17%\n\n\n14%\n\n\n\n\n\n\n\nContinental Europe & Rest of World\n\n\n19%\n\n\n13%\n\n\n\n\n\n\n\nUnited Kingdom & Ireland\n\n\n1%\n\n\n1%\n\n\n\n\n\n\n\nTotal\n\n\n13%\n\n\n10%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBy segment\n\n\n\n\n\n\n\n\n\n\n\n\n\nTemporary\n\n\n12%\n\n\n8%\n\n\n\n\n\n\n\nPermanent\n\n\n16%\n\n\n13%\n\n\n\n\n Total\n\n\n13%\n\n\n10%\n\n\n\n\n \nHighlights\n· Strong 10%(1) growth driving another record quarterly net fee performance for the Group\n· Further strong, broad-based 13%(1) growth in Continental Europe & Rest of World, driven by Germany up 15%(1) and 13 further countries growing in excess of 10%(1)\n· Asia Pacific net fees up 14%(1) with another strong performance in Australia, up 15%(1), and a significant acceleration of growth in Asia, where net fees grew by 18%(1)\n· UK & Ireland up 1%(1). Private sector (75% of net fees) grew 4%(1) with continued signs of modest improvement. Public sector remained tough, down 9%(1)\n· Group consultant headcount was up 11% year-on-year and up 6% in the quarter. This was primarily in Germany and Australia and included our normal seasonal graduate intake\n· Net cash position of c.£60 million (30 June: £111.6 million), broadly in line with our expectations\n· We will host an Investor Day in London on the afternoon of 9th November 2017 \n \nCommenting on the Group's performance, Alistair Cox, Chief Executive, said:\n \n\"We have made a strong start to the new financial year with all divisions growing. Continental Europe delivered further strong, broad-based growth, led by a record net fee performance in Germany, our largest business in the world, as we continued to inves...