skip to content

Interim Results

SThree profit rises

15 September 2017 07:31

SThree said group gross profit (GP) was up 5% year-on-year in the third quarter, with sustained momentum from the second quarter when Group GP grew by 4%.


- Solid growth across Engineering up 5% YoY, Life Sciences up 3% and Global Energy up 35%

- Strong growth in USA up 20% YoY

- Robust performance in Continental Europe up 6% YoY

UK&I remains challenging down 10% YoY, in line with management expectations

- Contract GP up 9% YoY, with strong growth across Engineering up 10%, Life Sciences up 13% and Energy up 37%

- Permanent GP down 6% YoY, broadly in line with average sales headcount down 7%

- 80% of Group GP generated outside the UK&I (2016: 76%)

- Group period-end sales headcount up 3% on the 2016 year-end position, and up 4% YoY

- Full year 2017 adjusted profit before tax expected to be ahead of current consensus. Consensus for the year ended 30 November 2017 is £42.4m, with a range of £39.3m to £45.6m

CEO Gary Elden commented: "We are pleased with our sustained momentum in the period, with gross profit showing a sequential increase over Q2.

"A robust performance in Continental Europe and further strong growth in the USA were particular highlights and our Contract business is continuing to drive growth across the group.

"We are well-positioned for the final quarter and now expect to deliver a full year result ahead of current consensus."

Story provided by

Related Company: STHR

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.