Daily Management Review

Strong Hiring Scores Higher Profit For Robert Walters


Despite Brexit threats and protests in France, Robert Walters registers higher profit in Asia and Europe.

At the beginning part of this week, Robert Walters Plc, a British recruiter, came out with its profit reports of the first quarter which has recorded a higher score. The said figures received boost by “healthy hiring” in the “Asia-Pacific and Europe” whereby eclipsing the affects of “political protests and disruptions in France”.
The work of Robert Walters is to place people in various jobs covering “finance, engineering, legal and marketing” sectors. As per reports, there has been an eleven percent growth in the last quarter ending with March 31, whereby there has been a growth of “98.6 million pounds”.
In the Europe, its first quarter’s gross profit for net fee income leaped up by 8% to “26.2 million pounds” and in the U.K’s front ten percent growth has been recorded even though Brexit uncertainties are damaging the “client and candidate confidence”. In the words of the C.E.O of Robert Walters:
“All the group’s regions delivered growth in net fee income despite economic and political uncertainty in a number of markets, particularly the UK and France”.
In the quarter, the Asia-Pacific’s gross profit went up by twelve percent to “36.4 million pounds”.
Moreover, PageGroup Plc, a rival company, had reported last week that the “‘gilets jaunes’ protests in France” had impact the confidence of the candidates. While Reuters reported that:
“Robert Walters said performance in France, its largest market in Europe, was hit by the turbulent political backdrop but still managed positive single digit net fee income growth”.