Robert Walters (RWA)

Sector:

Support

Index:

FTSE Small Cap

 310.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 459.00p
  • 52 Week Low: 300.00p
  • Currency: UK Pounds
  • Shares Issued: 72.36m
  • Volume: 0
  • Market Cap: £224.30m
  • RiskGrade: 181
  • Beta: 0.04

Robert Walters reports slower start to the year

By Abigail Townsend

Date: Thursday 06 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Recruitment firm Robert Walters struck a cautious note on Thursday, despite first quarter fee income nudging higher.
The London-listed firm said net fee income in the three months to 31 March rose 4% to £102.4m. On a constant currency basis, net fee income was flat.

Within that, Europe reported a 16% jump to £34.3m, but Asia Pacific fell 1% and the UK 9% to £43.4m and £16.3m respectively.

Income fell particularly sharply in China, off 44% year-on-year, with market conditions still suffering from Covid disruption.

In the UK, Robert Walters said activity levels had been more muted in both London and the regions, with technology recruitment in particular hit by ongoing lay-offs across the sector.

Overall, the firm acknowledged that it had been a "slower start" to the current year.

Chief executive and founder Robert Walters said: "The market uncertainty we experience in the latter stages of last year has tipped over into the first quarter of 2023. Our businesses in Europe, the Middle East and South America help up relatively well, while Asia Pacific and the UK experienced dips in net fee income, albeit against tough and record prior year.

"It is worth noting that recruitment market fundamentals, such as vacancy levels and salary inflation, remain relatively robust.

"A return of confidence to the Chinese economy, a stabilisation of the technology sector and a continued decline in inflation should have a positive effect on the global outlook.

"We will as always keep a close eye on our cost base and react sensibly to any further deterioration to market conditions."

As at 0830 BST, the stock was trading 1% lower at 435p.

Email this article to a friend

or share it with one of these popular networks:


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 310.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 459.00p
52 Week Low 300.00p
Volume 0
Shares Issued 72.36m
Market Cap £224.30m
Beta 0.04
RiskGrade 181

Robert Walters Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.43% above the market average3.43% above the market average3.43% above the market average3.43% above the market average3.43% above the market average
26.88% above the sector average26.88% above the sector average26.88% above the sector average26.88% above the sector average26.88% above the sector average
Price Trend
53.72% below the market average53.72% below the market average53.72% below the market average53.72% below the market average53.72% below the market average
44% below the sector average44% below the sector average44% below the sector average44% below the sector average44% below the sector average
Income
83.99% above the market average83.99% above the market average83.99% above the market average83.99% above the market average83.99% above the market average
89.83% above the sector average89.83% above the sector average89.83% above the sector average89.83% above the sector average89.83% above the sector average
Growth
72.15% below the market average72.15% below the market average72.15% below the market average72.15% below the market average72.15% 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

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
  Interim Final
Ex-Div 29-Aug-24 02-May-24
Paid 27-Sep-24 31-May-24
Amount 6.50p 17.00p

Trades for --2025

Time Volume / Share Price
0 @ 0.000p

Robert Walters Key Personnel

CEO Toby Fowlston
CFO David Bower

Top of Page