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%).

How can tech pros expand their digital network?

06 Jul 2020

No one can be sure when the world of events will return to some semblance of normality. But that doesn’t mean you should pause all professional networking activity – in fact, there’s probably never been a better time to build connections and get closer to your network.

5 tips to avoid work-related burnout

07 Oct 2020

In order to avoid burnout, consider making some changes in both your private and professional lives and in yourself. Only through changes and patience will you be able to restore the balance back to your normal.   If you want to be proactive about preventing burnout, follow some of these simple tips.

How do I prepare myself for a video job interview?

03 Apr 2020

We’ve summarised some key points to help you be as prepared as you can for your virtual job interview, and included a list of interview tools that you may have to use for your interview.

Tags: TIPS

The Most In-Demand Skills for Fintech

29 Sep 2020

Jonny Demko, Business Manager from our team in the London office, talks us through the top skills in demand within Fintech right now.

Tags: FINTECH