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View All NewsGlobal staffing firm Robert Walters: Q2 gross profit up 18% in constant currency
Robert Walters plc, a UK-based firm that ranks on SIA’s list of largest global staffing providers, reported gross profit rose 18% in constant currency during the second quarter.
Gross profit rose across business lines, including temporary staffing, direct hire and recruitment process outsourcing, according to the company.
The company, which has operations in the US, cited strong performance in North America. US operations are included in the firm’s “other international” category that also includes Brazil, Canada, South Africa and the Middle East.
| (£ millions) | Q2 2018 | Q2 2017 | % change | % change (in constant currency) | Q2 2018 (US$ millions) |
| Asia Pacific | £40.5 | £35.7 | 13% | 18% | $53.3 |
| UK | £27.4 | £24.4 | 12% | 12% | $36.0 |
| Europe | £24.6 | £20.0 | 23% | 21% | $32.4 |
| Other international | £7.5 | £6.2 | 21% | 29% | $9.9 |
| Total | £100.0 | £86.3 | 16% | 18% | $131.5 |
In the Asia Pacific region, Japan, Indonesia, the Philippines and Vietnam delivered the strongest rates of gross profit growth, according to the company.
Looking to Europe, the strongest growth was in Germany, Portugal, Spain and Switzerland. And the company cited particularly strong growth in gross profit in legal and IT recruitment in London.
“We have continued to benefit from the diversity of both our international footprint and recruitment revenue streams, with net fee income (gross profit) for the first six months of the year up 18% in constant currency,” said Chief Executive Robert Walters.
Shares in Robert Walters edged down 0.78% to £760.00 at market close. The company had a market cap of £574.14 million, according to Yahoo.