Interim Management Statement

RNS Number : 9169T

Robert Walters PLC

06 October 2010

 



6 October 2010

ROBERT WALTERS PLC

Interim management statement for the third quarter ending 30 September 2010

FINANCIAL HIGHLIGHTS

·      Group Q3 gross profit (net fee income) up 65% (56%*) to £42.5m (2009: £25.8m).

·      Asia Pacific Q3 gross profit up 92% (70%*) to £21.5m (2009: £11.2m).

·      UK Q3 gross profit up 49% (49%*) to £12.6m (2009: £8.5m).

·      Europe Q3 gross profit up 33% (40%*) to £7.4m (2009: £5.6m).

·      The Americas & South Africa Q3 gross profit up 61% (49%*) to £0.9m (2009: £0.6m).

·      Net cash position remains strong (£16m as at 30 September 2010).

·      Group headcount of 1,640 (30 September 2009: 1,232).

·      New offices opened in Germany and South Korea: the Group now has 41 offices in 20 countries.

Robert Walters, Chief Executive, commented:

"We are continuing to perform extremely well, with our Asia Pacific business maintaining its strong momentum. Trading in the UK has been positive, in spite of continued economic uncertainty and our offices in Europe have done well to achieve a healthy increase in net fee income during the traditionally quieter summer period.

"We have already taken steps to maximise opportunities in territories where we see strong growth prospects with our new offices in Germany and South Korea further extending our global footprint."

* Constant currency is calculated by applying prior year exchange rates to local currency results for the current and prior years.

ENQUIRIES:

Robert Walters plc	[phone]
Robert Walters, Chief Executive
Alan Bannatyne, Group Finance Director
Pelham Bell Pottinger
James Henderson	[phone]
	[e-mail]
Archie Berens	[phone]
	[e-mail]

 

END

 

 

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