Business
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022.
About this update from Robert Walters Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n 10 March 2023\n \n \n \n \n \n \n \n \n \n ROBERT WALTERS PLC\n \n \n \n (the \"Company\", or the \"Group\")\n \n \n \n \n \n \n \n \n Results for the year ended 31 December 2022\n \n \n \n \n \n \n \n \n \n RECORD YEAR\n \n \n \n \n \n \n \n \n Robert Walters plc (LSE: RWA), the leading international recruitment group, today announces\n its results for the year ended 31 December 2022.\n \n \n \n \n \n \n \n \n Financial and Operational Highlights\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2022\n \n \n \n \n \n \n 2021\n \n \n \n \n \n \n \n \n \n \n \n % change\n \n \n \n \n \n \n % change (constant currency*)\n \n \n \n \n \n \n \n Revenue\n \n \n \n \n £1,099.6m\n \n \n \n \n £970.7m\n \n \n \n \n 13%\n \n \n \n \n 12%\n \n \n \n \n \n \n Gross profit (net fee income)\n \n \n \n \n £428.2m\n \n \n \n \n £353.6m\n \n \n \n \n 21%\n \n \n \n \n 20%\n \n \n \n \n \n \n Operating profit\n \n \n \n \n £58.2m\n \n \n \n \n £54.1m\n \n \n \n \n 8%\n \n \n \n \n 9%\n \n \n \n \n \n \n Profit before taxation\n \n \n \n \n £55.6m\n \n \n \n \n £50.2m\n \n \n \n \n 11%\n \n \n \n \n 12%\n \n \n \n \n \n \n Basic earnings per share\n \n \n \n \n 56.2p\n \n \n \n \n 46.3p\n \n \n \n \n 21%\n \n \n \n \n N/A\n \n \n \n \n \n \n Proposed final dividend per share\n \n \n \n \n 17.0p\n \n \n \n \n 15.0p\n \n \n \n \n 13%\n \n \n \n \n N/A\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 \n \n \n \n \n \n \n \n Group highlights\n \n \n \n §\n Record Group performance with profit before taxation increasing by 11% (12%*) year-on-year to an all-time high of £55.6m (2021: £50.2m).\n \n \n §\n Fierce competition for talent and significant wage inflation across all geographies and specialist disciplines during the first half of the year.\n \n \n §\n The global macro-economic backdrop became increasingly uncertain as the second half of the year progressed resulting in a softening of recruitment activity levels across many of the Group's markets. The Ukraine conflict, a high inflation and high interest rate environment, significant cutbacks across the global technology market and Covid-enforced lockdowns in Mainland China all had a cumulative ef...