Hays (HAS)

Sector:

Support

Index:

FTSE 250

69.65p
   
  • Change Today:
    -0.75p
  • 52 Week High: 107.80
  • 52 Week Low: 65.00
  • Currency: UK Pounds
  • Shares Issued: 1,591.90m
  • Volume: 2,173,868
  • Market Cap: £1,108.76m
  • RiskGrade: 145
  • Beta: 0.01

Hays sees FY profit at bottom end of market views as Q4 fees drop

By Michele Maatouk

Date: Thursday 11 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Recruiter Hays said on Thursday that full-year profit was set to be around the bottom end of the market consensus range of £106m to £113m as it posted a drop in fourth-quarter net fees.
In an update for the three months to the end of June, the company said group net fees declined 15%. Fees were down 17% in the UK and Ireland, 22% in Australia and New Zealand and 17% in Germany. Meanwhile, rest of world fees were 11% lower.

Hays also said that the June exit rate was down 18%, hit by "challenging" conditions in Germany and Australia, and the negative effects of elections in the UK and France.

Chief executive Dirk Hahn said: "Market conditions remained challenging in the quarter. Overall, we continued to see longer-than-normal 'time-to-hire', impacted by low levels of confidence. Given this backdrop, we have remained focused on driving consultant productivity and tight cost control, and we have delivered annualised savings of circa £60n during our FY24. Our proactive actions meant that average group consultant productivity increased by 3% in Q4.

"Given ongoing global uncertainties, in the near-term we expect our key markets will remain challenging. Looking ahead, we are focused on building a more resilient business, targeting the many long-term growth opportunities we see, and underpinned by our clear strategy and enhanced operational rigour. I know we can deliver substantial profit growth once our end markets recover, driven by our financial strength and strong teams of talented colleagues worldwide."

The company now expects FY24 pre-exceptional operating profit of around £105m.

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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.

 

Hays Market Data

Currency UK Pounds
Share Price 69.65p
Change Today -0.75p
% Change -1.07 %
52 Week High 107.80
52 Week Low 65.00
Volume 2,173,868
Shares Issued 1,591.90m
Market Cap £1,108.76m
Beta 0.01
RiskGrade 145

Hays Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.32% below the market average62.32% below the market average62.32% below the market average62.32% below the market average62.32% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
58.24% below the market average58.24% below the market average58.24% below the market average58.24% below the market average58.24% below the market average
52.58% below the sector average52.58% below the sector average52.58% below the sector average52.58% below the sector average52.58% below the sector average
Income
4.23% above the market average4.23% above the market average4.23% above the market average4.23% above the market average4.23% above the market average
5.08% above the sector average5.08% above the sector average5.08% above the sector average5.08% above the sector average5.08% above the sector average
Growth
61.75% below the market average61.75% below the market average61.75% below the market average61.75% below the market average61.75% below the market average
65.22% below the sector average65.22% below the sector average65.22% below the sector average65.22% below the sector average65.22% below the sector average

What The Brokers Say

Strong Buy 5
Buy 3
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
  Interim Final
Ex-Div 27-Feb-25 17-Oct-24
Paid 09-Apr-25 25-Nov-24
Amount 0.95p 2.05p

Trades for 28-May-2025

Time Volume / Share Price
16:35 25,000 @ 69.65p
16:35 1,298 @ 69.65p
16:35 797,736 @ 69.65p
16:35 1 @ 69.65p
16:35 1,652 @ 69.65p

Hays Key Personnel

CEO Dirk Hahn

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