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View All NewsUK – Robert Walters publishes upbeat Q3 trading update
Robert Walters (RWA: LSE), the international recruitment firm, has provided a trading update for the third quarter ending 30 September 2016. Group net fee income increased by 23% and by 8% in constant currency (CC) to £74.4 million, compared to £60.4 million during the same period last year.
| Q3 2016 | Q3 2015 | Change | Constant Currency | |
| Asia Pacific | £32.0 million | £24.5 million | 31% | 4% |
| UK | £23.4 million | £21.5 million | 9% | 9% |
| Europe | £14.5 million | £11.4 million | 27% | 8% |
| Other International | £3.0 million | £4.5 million | 50% | 28% |
| Total | £74.4 million | £60.4 million | 23% | 8% |
According to Robert Walters, the group generated 8% of group net fee income outside of the UK.
Robert Walters, Chief Executive, commented:
"The group has had a good third quarter increasing net fee income by 8% in constant currency. All of the group's regions grew net fee income, which coupled with a strong performance from Resource Solutions, our recruitment process outsourcing business, again demonstrates the strength of our global and diversified business. Current trading remains in line with market expectations."
The group will publish a trading update for the fourth quarter ending 31 December 2016 on 10 January 2017.
In trading today Robert Walters Plc (RWA:LSE) traded at £350.00, up 2.34% on the day. Based on its current share price, the company has a market value of £264.64 million.