SThree plc Delivers Increased Gross Profit Despite Macro-economic and Political Uncertainty

LONDON, UK, Jan 28, 2019 – Leading global STEM (Science, Technology, Engineering and Maths) recruiter, SThree plc, has today announced its GP (Gross Profit) for the year ended Nov 30, 2018, was up 12% from £287.7m in 2017 to £321.1m.

This was boosted by strong performances in the German markets (Germany, Austria and Switzerland), the Netherlands, USA and Japan, with GP increasing 21%, 25%,  8% and 85% year on year respectively.

83% of SThree’s GP comes from outside of the UK and Ireland and Continental Europe accounts for 57% of SThree’s GP. This geographic diversity offsets concerns around political uncertainty in the UK.

72% of SThree’s GP is from Contract recruitment, which is reflective of the group’s ongoing strategic focus towards Contract, a less volatile model than Permanent.

SThree’s Chief Financial Officer, Alex Smith, said: “Our niche focus on STEM and being in the right STEM markets is helping us to build a growing reputation, using a multi-brand approach where each brand is highly regarded within its own specialist field. This is a key differentiator for SThree. In technology, for example, where other companies position themselves as IT specialists, we are recognised as experts in specific fields such as JAVA, Salesforce or .Net. This approach is the same across all our markets, so clients know that we can access the very best people for highly skilled positions.

“The Group is becoming increasingly global, but at the same time specialises at a local level. We can source the right people for clients in multiple territories whilst also understanding the nuances and dynamics of each individual market. These include legislative requirements where our local knowledge can help us to advise clients on choosing the right contracts and also help successful candidates navigate the necessary requirements.”

Overall in 2018, the SThree Group saw growth in Information and Communication Technology (ICT) (up 12%), Life Sciences (up 8%), Energy (up 30%) and Engineering (up 16%).

Global Government Assistance

25 Apr 2020

We know that every business is having to navigate new rules, advice and government support, often with differing regional, national and city-specific nuances. With that in mind, we've pulled together some information on the various government assistance programmes from across the world.

Tags: APAC
Fintech finger tapping a screen

The Rise of Automation in Australia

22 Jan 2020

We spoke to Sales Manager Mark Montgomery about the growth and evolution of the automation industry in Australia over recent years.

Tags: APAC

Women in STEM series

13 May 2020

Jessica Swann, Client Relationship Manager from Huxley Australia sat down with Ruth Santangelo, Associate Director in Digital, Service and Automation at telecommunications giant, Optus, to find out a bit more about her journey within STEM and also how she is adjusting to the current climate.

How to onboard new employees successfully remotely

02 Apr 2020

Here is some valuable advice on how to ensure your employees receive a positive onboarding experience, albeit remotely.

Tags: APAC