Business
Results for the year ended 31 December 2015
Results for the year ended 31 December 2015.
About this update from Robert Walters Plc
[{"type":"text","content":"\n \nRNS Number : 6012R Robert Walters PLC 10 March 2016 \n \n\n 10 March 2016\nROBERT WALTERS PLC\n(the 'Company' or the 'Group')\nResults for the year ended 31 December 2015\nOPERATING PROFIT UP 27%\nRobert Walters plc (LSE: RWA), the international specialist professional recruitment consultancy, today announces its results for the year ended 31 December 2015.\nFinancial and Operational Highlights\n\n\n\n\nYear ended\n\n\n2015\n\n\n2014\n\n\n% change\n\n\n% change (constant currency*) \n\n\n\n\nRevenue\n\n\n£812.7m\n\n\n£679.6m\n\n\n20%\n\n\n24%\n\n\n\n\nGross profit (net fee income)\n\n\n£234.4m\n\n\n£215.3m\n\n\n9%\n\n\n12%\n\n\n\n\nOperating profit\n\n\n£23.1m\n\n\n£18.2m\n\n\n27%\n\n\n29%\n\n\n\n\nProfit before taxation\n\n\n£22.4m\n\n\n£18.2m\n\n\n23%\n\n\n28%\n\n\n\n\nBasic earnings per share\n\n\n20.6p\n\n\n15.3p\n\n\n35%\n\n\n\n\n\n\n\n*Constant currency is calculated by applying prior year exchange rates to local currency results for the current and prior years.\n· Strong net fee income and profit growth across all of the Group's regions producing a 23% (28%*) increase in profit before taxation to £22.4m (2014: £18.2m).\n· Asia Pacific net fee income up 6% (10%*) to £96.3m (£99.8m*) (2014: £90.5m) and operating profit increased 23% (21%*) to £12.9m (£12.7m*) (2014: £10.5m).\no Excellent growth in Japan. Clear market leader in the specialist professional recruitment space.\no Emerging market growth strategy in South East Asia continues to deliver strong returns with all offices now profitable.\no Solid year in Australia with four consecutive quarters of single digit net fee income growth despite a difficult economic backdrop.\n· UK net fee income increased by 13% to £80.4m (2014: £71.1m) and operating profit increased by 17% to £6.2m (2014: £5.2m).\no Good overall net fee income and operating profit growth despite a slowdown in activity in financial services during the fourth quarter.\no Resource Solutions delivered a strong increase in net fee income. \n· Europe net fee income increased 6% (16%*) to £46.3m (£51.0m*) (2014: £43.8m) producing a 53% (97%*) increase in operating profit to £3.3m (£4.3m*) (2014: £2.2m).\no The Netherlands, Belgium, Spain...