Financial highlights
| Continuing operations | 2022 | 2021 | Variance | ||
|---|---|---|---|---|---|
| Reported | Adjusted(1) | Reported | Movement(2) | Like-for-like(3) | |
| Revenue | £1,639.4m | £1,330.7m | £1,330.7m | +23% | +22% |
| Net fees | £430.6m | £355.7m | £355.7m | +21% | +19% |
| Operating profit | £77.6m | £60.8m | £61.0m | +28% | +23% |
| Operating profit conversion ratio | 18.0% | 17.10% | 17.10% | +0.9pts | +0.6%pts |
| Profit before taxation | £77.0m | £60.0m | £60.2m | +28% | +24% |
| Basic earnings per share | 41.0p | 31.8p | 31.9p | +29% | +24% |
| Proposed final dividend per share | 11.0p | 8.0p | 8.0p | +38% | +38% |
| Total dividend (interim and final) per share | 16.0p | 11.0p | 11.0p | +45% | +45% |
| Net cash(4) | £65.4m | £57.5m | £57.5m | +14% | +14% |
(1) Excludes the impact of £0.2 million in net exceptional income recognised in 2021.
(2) Variance compares reported 2022 against adjusted 2021 to provide a like-for-like view. There were no adjusting items in 2022.
(3) Variance compares reported 2022 against adjusted 2021 on a constant currency basis, whereby the prior year foreign exchange rates are applied to current and prior financial year results to remove the impact of exchange rate fluctuations.
(4) Net cash represents cash and cash equivalents less bank borrowings and bank overdrafts and excluding leases.
Five-year data
View financial archiveFinancial performance
| Financial metrics presented for continuing operations only | 30 November 2022 | 30 November 2021 | 30 November 2020 | 30 November 2019 | 30 November 2018 |
|---|---|---|---|---|---|
| Adjusted(1) | Adjusted(1) | Adjusted(2) | Adjusted(3) | ||
| Revenue | £1,639.4m | £1,330.7m | £1,202.6m | £1,324.7m | £1,235.8m |
| Net fees | £430.6m | £355.7m | £308.6m | £338.0m | £316.5m |
| Operating profit | £77.6m | £60.8m | £31.3m | £60.0m | £53.8m |
| Total assets | £470.4m | £400.6m | £334.5m | £305.1m | £360.5m |
| Total equity | £200.4m | £158.2m | £128.5m | £116.8m | £101.7m |
| Net cash/(debt) | £65.4m | £57.5m | £49.9m | £10.6m | -£4.1m |
| Cash from operations | £64.4m | £54.5m | £76.9m | £54.8m | £40.6m |
Financial ratios
| Financial metrics presented for continuing operations only | 30 November 2022 | 30 November 2021 | 30 November 2020 | 30 November 2019 | 30 November 2018 |
|---|---|---|---|---|---|
| Adjusted(1) | Adjusted(1) | Adjusted(2) | Adjusted(3) | ||
| Conversion ratio (%) | 18.0% | 17.10% | 10.10% | 17.80% | 17% |
| Free Cash conversion (%) | 40.2% | 40.40% | 177.80% | 68.30% | 47.70% |
| Basic EPS (pence) | 41.0p | 31.8p | 13.9p | 33.2p | 30.7p |
| Dividends per share (pence) | 16.0p | 11.0p | 5.0p | 15.3p | 14.0p |
Operational statistics
| Financial metrics presented for continuing operations only | 30 November 2022 | 30 November 2021 | 30 November 2020 | 30 November 2019 | 30 November 2018 |
|---|---|---|---|---|---|
| Adjusted(1) | Adjusted(1) | Adjusted(2) | Adjusted(3) | ||
| Average total headcount(6) | 2,890 | 2,588 | 2,894 | 3,109 | 2,926 |
| Average sales consultants(6) | 2,114 | 1,911 | 2,219 | 2,423 | 2,254 |
| Active contractors at year end | 12,533 | 11,809 | 9,523 | 11,110 | 11,203 |
(1) Excluding the impact of £0.2 million in net exceptional income (2020: £0.5 million in net exceptional income).
(2) 2019 figures exclude the impact of £2.3 million in net exceptional strategic restructuring costs and CEO change costs.
(3) 2018 figures exclude the impact of £6.4 million in net exceptional strategic restructuring costs.
(4) Net cash/(debt) represents cash & cash equivalents less borrowings and bank overdrafts, excluding leases.
(5) Based on full-time equivalents.
Segmental (net fees)
| 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|
| DACH | 35% | 36% | 34% | 32% | 31% |
| EMEA, excl DACH | 36% | 36% | 38% | 42% | 45% |
| USA | 26% | 25% | 25% | 23% | 21% |
| APAC | 3% | 3% | 3% | 3% | 3% |
| Contract % | 78% | 75% | 76% | 74% | 72% |
| Permanent % | 22% | 25% | 24% | 26% | 28% |
Financial calendar
Financial results data
Read and download our annual and interim reports and access historical performance data, including webinars and presentations from previous years. Recap our Investor Briefing series and digest our most recent Gender Pay Gap and Impact reports.
View financial results Browse financial archive
Useful links
Investor Centre
Discover how we deliver value for shareholders and investors in our business.
Visit Investor CentreRead our latest financial news
SThree reports record net fee and profit performance
Like-for-like net fees up 19% with profits up 24% driven by successful execution of our well-established strategy
SThree reports record performance for the year with double-digit growth across all regions
The Group’s net fees for the financial year ended 30 November 2022 are up 19% YoY, driven by the execution of our strategy.
SThree’s strong Q3 growth driven by successes across key regions and STEM disciplines
The Group has seen continued YoY growth in our three largest countries with Germany up 13%, USA up 9% and the Netherlands up 36%.
SThree reports very strong profit growth with record H1 net fees
SThree, the global STEM-specialist talent partner, reports very strong growth in profit before tax in the first half of our financial year.
SThree reports strong Q2 trading update with double-digit net fee growth across all geographies
SThree has posted results for the half-year (H1) ended 31 May 2022, with double-digit net fee growth across all geographies and sectors.
Financial Times names SThree on list of Europe’s Climate Leaders for second year
SThree has been included in the Financial Times-Statista list of Europe’s Climate Leaders for a second year in a row. Read about our ESG ...
Timo Lehne appointed CEO of SThree plc
SThree plc is pleased to announce the appointment of Timo Lehne as permanent Chief Executive Officer with immediate effect.
SThree partners with Earthly to support the natural revolution
SThree has teamed up with Earthly to continue its commitment to carbon removals and being a climate-conscious business.
SThree delivers very strong first quarter results with growth across all geographies and sectors
SThree has posted a very strong set of results for the first quarter (Q1) of 2022, with Group net fees up 29% year-on-year (YoY).