Robert Walters (RWA: LSE), the international recruitment firm, reported revenue for the year ending 31 December 2016 of £998.5 million, an increase of 15% in constant currency (CC) compared with £812.7 million in 2015.

Net fee income grew across all of the group's regions and 15 countries delivered record performances. The group states that 69% of net fee income was generated outside the UK.

In the UK, net fee income was up 8% to £86.7 million compared to £80.4 million last year. Revenue in the UK was up 19% to £480.6 million and operating profit up 4% to £6.4 million. Robert Walters states that candidate and client confidence was impacted by the EU referendum however activity levels remained positive across commerce finance and the UK regions.

In Resource Solutions, the RPO and MSP subsidiary of Robert Walters, revenue grew by 27% over the prior year to £399 million  benefited from a significant investment made during the first half of the year.

In Europe, revenue was up 30% to £147 million, net fee income was up 30% (15% in constant currency) to £60.1 million (£53.2 million in constant currency), while operating profit was up 27% (19% in constant currency). France, the region's largest business, the Netherlands and Belgium all had record years with contract and interim recruitment delivering particularly strong results. Meanwhile, Spain, Switzerland and Germany produced the strongest growth rates, all increasing net fee income in excess of 40%.

In Asia Pacific revenue increased by 22% to £348.6 million, net fee income was up 22% (6% in constant currency) to £117.6 million (£101.8 million in constant currency) and operating profit was up 13% (flat in constant currency)..

Japan, the company’s largest business in the region, delivered a record performance with bilingual professionals in high demand and short supply. Australia delivered solid net fee income growth and New Zealand produced a record result, however market conditions in Greater China remained challenging. Thailand, Indonesia and Taiwan delivered particularly strong performances.

Other International (North America, Brazil, the Middle East and South Africa) showed revenue up by 94% to £22.3 million, net fee income was up 22% (3% in constant currency) to £14.0 million (£11.8 million in constant currency) and operating profit up 36% (16% in constant currency).

"We grew net fee income across all of the Group's regions and opened offices in four new countries; Canada, India, the Philippines and Portugal,” Robert Walters, Chief Executive, said. "Looking ahead, we remain mindful of the unpredictable geopolitical environment, however, the group's global footprint coupled with the range of recruitment services we provide positions us well to maximise opportunities for growth as they arise."

As of last trade Robert Walters traded at £415.00, up 3.75% on the day. Based on its current share price the company has a market value of £297.27 million.