Tracking Graph on phone with fingertip pointing to graph line

Financial overview

Operating KPIs, financial ratios and performance summaries, including comparative data for the past five years

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.

 

Financial 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

Useful links

Share information

Why invest?

Annual report

Analyst coverage

Side on view of women's face, looking at her phone in the evening with blurred streetlights in background

Investor Centre

Discover how we deliver value for shareholders and investors in our business.

Visit Investor Centre

Read our latest financial news

30 January 2023

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

14 December 2022

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.

20 September 2022

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%.

25 July 2022

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.

20 June 2022

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.

05 May 2022

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 ...

28 April 2022

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.

21 April 2022

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.

21 March 2022

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).