Robert Walters (RWA)

Sector:

Support

Index:

FTSE Small Cap

207.00p
   
  • Change Today:
    -6.00p
  • 52 Week High: 437.00p
  • 52 Week Low: 207.00p
  • Currency: UK Pounds
  • Shares Issued: 72.36m
  • Volume: 15,195
  • Market Cap: £149.78m
  • RiskGrade: 181

Robert Walters says tough macro conditions lasting longer than expected

By Benjamin Chiou

Date: Monday 15 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Recruitment company Robert Walters saw a continued decline in net fee income in it second quarter as it continues to battle with "muted" client and candidate confidence, saying that challenging market conditions are lasting longer than initially expected.
Net fee income for the three months to 30 June was 12% lower than last year in constant currency at £84.8m, with sharp declines across all major regions.

Net fee income in Asia Pacific declined 9% to £37.1m, fell 13% in Europe to £27.8m, dropped 18% in the UK to £13.2m, and slipped 12% across the Rest of World region to £6.7m.

For the first half as a whole, net fee income was down 14% at £166.1m.

"This period of market adjustment is now longer in duration than previously expected, with macroeconomic turbulence and political uncertainty restraining client and candidate confidence in certain geographies," said chief executive Toby Fowlston.

"Our near-term planning now assumes that any material improvement in confidence levels will be gradual, and likely not occur before 2025."

Group headcount was down 5% on the first quarter and 15% lower than last year at 3,625, as the group continues to "appropriately tailor headcount to current demand conditions".

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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 207.00p
Change Today -6.00p
% Change -2.82 %
52 Week High 437.00p
52 Week Low 207.00p
Volume 15,195
Shares Issued 72.36m
Market Cap £149.78m
RiskGrade 181

Robert Walters Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.82% below the market average6.82% below the market average6.82% below the market average6.82% below the market average6.82% below the market average
28.89% above the sector average28.89% above the sector average28.89% above the sector average28.89% above the sector average28.89% above the sector average
Price Trend
81.9% below the market average81.9% below the market average81.9% below the market average81.9% below the market average81.9% below the market average
85.57% below the sector average85.57% below the sector average85.57% below the sector average85.57% below the sector average85.57% below the sector average
Income
63.01% above the market average63.01% above the market average63.01% above the market average63.01% above the market average63.01% above the market average
66.10% above the sector average66.10% above the sector average66.10% above the sector average66.10% above the sector average66.10% above the sector average
Growth
97.33% below the market average97.33% below the market average97.33% below the market average97.33% below the market average97.33% below the market average
97.83% below the sector average97.83% below the sector average97.83% below the sector average97.83% below the sector average97.83% 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 30-May-2025

Time Volume / Share Price
16:35 4,166 @ 207.00p
16:35 77 @ 207.00p
16:35 1 @ 207.00p
16:35 272 @ 207.00p
16:35 294 @ 207.00p

Robert Walters Key Personnel

CEO Toby Fowlston
CFO David Bower

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