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FY Trading Update

"We are pleased to have delivered another strong quarter in Q4 continuing the momentum from Q2 and Q3, resulting in an overall GP result for the year of +12%. The Group is benefiting both from the broad geographic reach of its operations, with 83% of GP now generated in international markets, and from its focus on the best STEM markets, where the demand for niche, skilled candidates continues to be driven by a shortage of supply.

Strong performances in Continental Europe, particularly from our market-leading businesses in the Netherlands and Germany, as well as the USA were key to the delivery of this result. Our Contract businesses continued to perform well, with GP increasing by 14% year on year and with Contract runners at the period end reaching a record level for the Group. We expect full year profit to be ahead of consensus ."

Gary Elden OBE, CEO SThree plc

Please find the equity research/stock report for SThree PLC provided by Radnor Capital Partners here.

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