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International executive recruiter CTPartners (CTP:ASQ) reported on Thursday that fourth-quarter revenue grew by +11% to $30.21 million (€23.4 million). Latin America contributed $3.5 million (€2.7 million) of net revenue, offset by decreases in North America and Asia Pacific.
“Our fourth-quarter net revenue was consistent with the financial guidance we provided on February 26th. We successfully executed our strategic growth plan in 2012 and added more clients and experienced executive search consultants to our team, while expanding our geographic footprint,” said chief executive officer Brian Sullivan.
Revenue in the firm’s second-largest region, Europe, Middle East and Africa, rose +11% to $7.99 million (€6.2 million) while revenue in Asia Pacific declined -19% to $1.80 million (€1.4 million). Revenue in North America meanwhile fell -5% to $16.95 million (€13.1 million).
The company’s share price fell yesterday by -1% to $4.07, a decline of -38% from a year ago. Based on its stock price, the firm has a market value of $28.42 million (€22.0 million).
CTPartners is a global executive search firm offering recruitment solutions in C-Suite, senior executive, and board searches. The firm specialises in the financial services, life sciences, industrial, professional services, retail and consumer, and technology, media and telecom industries.