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SThree says results to meet expectations

December 05, 2008

SThree PLC, a London-based staffing firm, said results for its fiscal year ending Nov. 30 will be in line with market expectations. It said gross profit rose 20% to approximately GPB220 million (US$338.3 million).

The company reported a decline in United Kingdom volumes and a modest slowing in non-U.K. business growth. It said permanent placement volumes were down around 25% year-over-year in the U.K., but rose 29% outside the U.K.

SThree will report preliminary results for its fiscal year on Feb. 2.

The company has 54 offices in 10 countries, including in the U.S.