Hays (HAS)

Sector:

Support

Index:

FTSE 250

96.10p
   
  • Change Today:
    -0.30p
  • 52 Week High: 124.50p
  • 52 Week Low: 92.60p
  • Currency: UK Pounds
  • Shares Issued: 1,584.72m
  • Volume: 328,637
  • Market Cap: £1,522.92m
  • RiskGrade: 145

Hays Q1 fee income falls against record comparator

By Iain Gilbert

Date: Thursday 12 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Recruitment firm Hays said on Thursday that first-quarter fee income had dropped due to a tough record quarter comparator and a weakening of the Australian dollar versus sterling.
Hays said group fees were down 7% in the three months ended 30 September, as expected. On an actual basis, net fees decreased by 9%, with a softening Australian dollar presenting an FX headwind.

It delivered a "resilient performance" in temp placings, with fees flat and volumes broadly stable through the quarter. Permanent, however, was down 15%, with "tough conditions and increased time-to-hire".

The FTSE 250-listed firm highlighted that its key markets were continuing to face skill shortages but said that group fees continued to be supported by wage inflation and positive pricing.

Hays added that the trading year had begun in line with internal expectations and that it was continuing to benefit from the "positive effects of mix and margins".

Given that group net fees will decline year-on-year in the first half, Hays expects both its conversion rate and operating profits will also decline.

As of 0910 BST, Hays shares were down 0.19% at 102.70p.





Reporting by Iain Gilbert at Sharecast.com

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.

 

Hays Market Data

Currency UK Pounds
Share Price 96.10p
Change Today -0.30p
% Change -0.31 %
52 Week High 124.50p
52 Week Low 92.60p
Volume 328,637
Shares Issued 1,584.72m
Market Cap £1,522.92m
RiskGrade 145

Hays Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
36.74% below the market average36.74% below the market average36.74% below the market average36.74% below the market average36.74% below the market average
51.46% below the sector average51.46% below the sector average51.46% below the sector average51.46% below the sector average51.46% below the sector average
Income Not Available
Growth
15.24% above the market average15.24% above the market average15.24% above the market average15.24% above the market average15.24% above the market average
3.92% above the sector average3.92% above the sector average3.92% above the sector average3.92% above the sector average3.92% above the sector average

What The Brokers Say

Strong Buy 6
Buy 2
Neutral 3
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Hays Dividends

  Latest Previous
  Final Special
Ex-Div 05-Oct-23 05-Oct-23
Paid 17-Nov-23 17-Nov-23
Amount 2.05p 2.24p

Trades for 21-Feb-2024

Time Volume / Share Price
12:07 3,107 @ 96.10p
12:07 33 @ 96.10p
12:07 3,458 @ 96.10p
12:07 222 @ 96.10p
12:07 1,691 @ 96.10p

Hays Key Personnel

CEO Dirk Hahn

Top of Page