International recruitment firm Robert Walters (RWA: LSE) provided a trading update for the second quarter ended 30 June 2018. Group net fee income was up 18% in constant currency when compared to the same period last year.

Group Net Fee Income was as follows.

Net fee income grew across all of the group’s regions and business lines including permanent, contract, interim recruitment and recruitment process outsourcing.

In the Asia Pacific region, Japan, Indonesia, the Philippines and Vietnam delivered the strongest rates of net fee income growth.

Activity levels continued to be highest in the UK regions with Manchester, Milton Keynes and St. Albans in particular performing well. In London, legal and IT recruitment delivered strong net fee income growth.

In Europe, the group said excellent performance continued across the region with all markets delivering net fee income growth. Germany, Portugal, Spain and Switzerland produced the strongest rates of growth, all increasing net fee income in excess of 25%.

In Other International (Brazil, Canada, South Africa, the Middle East and the US) the group reported a strong performance particularly across North America and the Middle East.

“The group delivered another quarter of strong net fee income growth across all regions,” Robert Walters, Chief Executive, said. “We have continued to benefit from the diversity of both our international footprint and recruitment revenue streams, with net fee income for the first six months of the year up 18% in constant currency (15% actual).”

The company will publish its half-yearly results for the six months ended 30 June 2018 on 26 July 2018.

As of last trade Robert Walters traded at £770.00, up 0.52% on the day and 3.02% below its 52-week high of £794.00, set on 4 July 2018. Based on its current share price the company has a market value of £557.49 million.