SThree PLC
LSE:STEM

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SThree PLC
LSE:STEM
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Price: 169.2 GBX 2.79% Market Closed
Market Cap: 216.3m GBX

SThree PLC
Investor Relations

SThree Plc engages in the provision of permanent and contract specialist staffing services. The firm provides permanent and contract staff to sectors, including information and communication technology (ICT), banking and finance, life sciences, engineering and energy. The firm's recruitment brands include Computer Futures, Progressive Recruitment, Huxley and Real Staffing. The Company’s other brands include Global Enterprise Partners, JP Gray, Madison Black, Newington International and Orgtel. The firm's markets include Germany, the Netherlands, the United States, the United Kingdom and Japan. The firm delivers contract, permanent, projects, retained and executive search recruitment solutions.

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Last Earnings Call
Fiscal Period
Q4 2024
Call Date
Jan 28, 2025
AI Summary
Q4 2024

Challenging Market: SThree faced tough market conditions in FY '24, with soft new business activity and industry-wide uncertainty.

Resilient Performance: Despite these challenges, the company delivered its third-highest net fee and operating profit on record, supported by robust contract extensions and cost management.

Contract Focus: Contract now accounts for 84% of net fees, up from 82%, providing more predictable, profitable revenue.

Technology Investment: The Technology Improvement Program (TIP) is on track; 80% of the business is now on a new digital platform, with early AI-driven productivity gains emerging.

Outlook: The board expects FY '25 profit before tax to be around GBP 25 million, reflecting ongoing market softness and up to GBP 7 million in one-off restructuring costs.

Shareholder Returns: A share buyback of up to GBP 20 million has been launched, with over GBP 3 million already repurchased; the FY dividend is 14.3p, in line with policy.

Guidance Maintained: Management is cautious about the near-term outlook but confident in the company's strategy, positioning, and long-term growth prospects.

Key Financials
Contract Share of Net Fees
84%
Operating Profit
GBP 66.2 million
Operating Profit Conversion Ratio
17.9%
Profit Before Tax
GBP 67.6 million
Employed Contractor Model Share of Net Fees
39%
Contract Margin
21.7%
Average Contract Length
54 weeks
Average Salary of Contract Roles
GBP 104,000
Net Cash
GBP 70 million
Earnings Per Share
37.4p
Dividend (Full Year)
14.3p
Final Dividend
9.2p
Interim Dividend
5.1p
TIP Spending (FY '24)
GBP 24 million total to date; GBP 3 million OpEx and GBP 7 million CapEx this year
Earnings Call Recording
Other Earnings Calls

Management

Mr. Timo Lehne
CEO & Executive Director
No Bio Available
Mr. Andrew William Beach
CFO & Executive Director
No Bio Available
Mr. Nicholas Folkes
Chief Operations Officer
No Bio Available
Ms. Kate Danson
Chief Legal Officer & Company Secretary
No Bio Available
Ms. Sarah Mason
Chief People Officer
No Bio Available
Ms. Sunny Ackerman
President of US
No Bio Available
Mr. Jelte Hacquebord
Chief Commercial Officer
No Bio Available
Ms. Margot van Soest
Managing Director Netherlands & Spain
No Bio Available
Mr. Tom Way
Managing Director of UK, France & Belgium
No Bio Available

Contacts

Address
London
75 King William Street
Contacts
+442072686000.0
www.sthree.com