London · Delayed Price · Currency is GBP · Price in GBX Hays plc Earnings Call Transcripts
Fiscal Year 2026
-
Net fees declined 5% year-on-year, but cost savings and productivity gains drove profit growth, with FY 2026 pre-exceptional operating profit expected at the top of consensus. Portfolio reshaping and operational focus supported resilience in Temp & Contracting, while Perm markets remained mixed.
-
Group net fees declined 8% year-over-year, but strong consultant productivity and cost discipline offset lower fees. Temp and contracting showed resilience, while perm remained challenging. Strategic exits and investments in high-growth markets like Japan and Spain supported performance.
-
Net fees declined 9% year-over-year, but cost discipline and strategic focus led to improved profits in key regions. Cash conversion remained strong, and digital transformation initiatives are driving productivity gains. Outlook for H2 is for improved profitability as cost actions continue.
-
Net fees declined 10% year-on-year in Q2, with TEMP and contracting down 8% and PERM down 14%. Cost discipline and productivity gains offset lower fees, supporting a pre-exceptional H1 operating profit of GBP 20 million. Southern Europe outperformed, while Germany and France faced headwinds.
-
Group net fees fell 8% year-on-year, with stable operating profit and strong consultant productivity gains. Cost savings and headcount reductions supported profitability in UK&I and ANZ, while challenging conditions persisted in France and public sector markets.
Fiscal Year 2025
-
Net fees declined 11% and operating profit fell 56% amid challenging global recruitment markets, but strong cost discipline led to GBP 65 million in annual savings and improved productivity. The business remains resilient in temp and contracting, with enterprise solutions growing 8%.
-
Q4 net fees are expected to decline 9% year-on-year, mainly due to global perm hiring weakness, while temp and contracting remain more resilient. FY 2025 pre-exceptional operating profit is forecast at £45 million, with ongoing cost-saving initiatives and a modest net cash position expected at year-end.
-
Group net fees fell 9% year-over-year, with perm down 14% and temp/contracting down 6%. Cost-saving initiatives and productivity gains supported profit, but challenging markets are expected to persist into FY 2026. Exceptional restructuring charges are anticipated in H2.
-
Net fees fell 13% and operating profit dropped 56% year-on-year amid tough markets, but strong cost savings, productivity gains, and a resilient temp/contracting business supported cash flow and market share gains. Structural changes position the group for profit leverage in recovery.
-
Net fees declined 12% year-on-year, with Temp and Contracting more resilient than Perm. Enterprise business grew 12% and now represents 20% of group net fees. Cost-saving initiatives are progressing, with stable headcount and selective investment in growth markets.
-
Net fees declined 14% year-over-year, with temp and perm both down amid subdued market confidence. Cost-saving initiatives and productivity improvements partially offset headwinds, while cash position was impacted by seasonal outflows and exceptionals.
Fiscal Year 2024
-
FY24 saw a 12% drop in fees and a 46% decline in operating profit amid tough market conditions, with decisive restructuring and cost-saving actions taken. Cash conversion remained strong, and ongoing tech transformation is expected to drive future efficiencies.
-
Net fees declined 15% year-over-year in Q4 2024 amid challenging markets and prolonged hiring cycles, but cost actions delivered GBP 60 million in annualized savings. Outlook remains cautious, with subdued trading expected and no special dividend planned as net cash stands at GBP 55 million.