Robert Walters (RWA)

Sector:

Support

Index:

FTSE Small Cap

233.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 437.00
  • 52 Week Low: 219.00
  • Currency: UK Pounds
  • Shares Issued: 72.36m
  • Volume: 29,432
  • Market Cap: £168.59m
  • RiskGrade: 181
  • Beta: 0.02

Robert Walters sees FY profit 'comfortably ahead' of market expectations

By Michele Maatouk

Date: Thursday 07 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Recruiter Robert Walters said on Thursday that full-year profit was set to be "comfortably ahead" of market expectations after strong third-quarter trading.
The group reported a 26% jump in Q3 gross profit to £91.8m, with Asia Pacific seeing the strongest growth, of 46% to £44.4m. Meanwhile, UK profit rose 17% to £18.7m and Europe profit was up 15% at £22.7m.

In Asia Pacific, Japan and Australia - the two most profitable businesses in the region - delivered "excellent" performances, with net fee income in excess of 40% year-on-year. Robert Walters said mainland China "continued to go from strength-to-strength", with net fee income doubling year-on-year for the second consecutive quarter.

As far the UK is concerned, candidate and client confidence accelerated across both London and the UK regions, with recruitment activity levels highest across the legal, technology and commerce finance disciplines. Activity levels in Resource Solutions, the group's recruitment process outsourcing business, remained strong, in line with increasing client demand.

Chief executive Robert Walter noted that the profit jump had been achieved despite the majority of markets in its largest and most profitable region, Asia Pacific, experiencing full or significant lockdowns for much of the period.

"With candidate and client confidence accelerating across all recruitment disciplines and candidate shortages becoming ever more acute, the competition for talent is fierce," he said.

"Significant wage inflation has emerged particularly for the most sought after skill-sets. In short, the jobs market is hot.

"I am pleased to report that the group has once again benefited from operational gearing and that profit for the full year is expected to be comfortably ahead of current market expectations."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Robert Walters Market Data

Currency UK Pounds
Share Price 233.00p
Change Today 1.00p
% Change 0.43 %
52 Week High 437.00
52 Week Low 219.00
Volume 29,432
Shares Issued 72.36m
Market Cap £168.59m
Beta 0.02
RiskGrade 181

Robert Walters Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.90% above the market average48.90% above the market average48.90% above the market average48.90% above the market average48.90% above the market average
77.53% above the sector average77.53% above the sector average77.53% above the sector average77.53% above the sector average77.53% above the sector average
Price Trend
73.06% below the market average73.06% below the market average73.06% below the market average73.06% below the market average73.06% below the market average
68.75% below the sector average68.75% below the sector average68.75% below the sector average68.75% below the sector average68.75% below the sector average
Income
83.24% above the market average83.24% above the market average83.24% above the market average83.24% above the market average83.24% above the market average
86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average
Growth
97.96% below the market average97.96% below the market average97.96% below the market average97.96% below the market average97.96% below the market average
97.8% below the sector average97.8% below the sector average97.8% below the sector average97.8% below the sector average97.8% below the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 1
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Robert Walters Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Apr-25 29-Aug-24
Paid 27-May-25 27-Sep-24
Amount 17.00p 6.50p

Trades for 03-Apr-2025

Time Volume / Share Price
16:35 1,064 @ 233.00p
16:35 52 @ 233.00p
16:35 2 @ 233.00p
16:35 147 @ 233.00p
16:35 226 @ 233.00p

Robert Walters Key Personnel

CEO Toby Fowlston
CFO David Bower

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