SThree, the world’s only pure-play STEM staffing specialist, has reported positive financial results for the first half of 2021, with operating profit up 106% compared to half-year (HY) 2020.
A high demand for STEM skills, as well as better market conditions and improved productivity, has also seen our profits surpassing the pre-pandemic levels of 2019.
The results show that HY net fees are up 10% versus 2020, and there has been strong growth in both the DACH region and the USA. Moreover, Life Sciences and Technology net fees are up significantly across the Group.
Other highlights include Contract and Permanent net fees up 8% and 18% respectively year on year. And our top five performing countries represent 86% of Group net fees, with Germany accounting for 33% and the USA 25%.
With the second quarter (Q2) of 2020 significantly impacted by COVID-19, we’ve also provided comparisons against 2019 for net fees and profit. Not only does this add context, but it also further highlights our growth in 2021 versus 2019, across several of our regions as well as at a Group level.
Net fees in Q2 (8%) and HY (3%) are both up when compared to the same periods in 2019, and our adjusted operating profit is also up 18%.
Mark Dorman, CEO, commented:
“We’re delighted to report strong overall performance in the first half, driven by the hard work of our teams across the globe.
“Our profit has grown substantially from HY 2020, and has surpassed the pre-pandemic levels of 2019, reflecting the strength of the business and our growth trajectory. Profit growth was driven by improving market conditions, including especially strong demand for STEM skills, and productivity growth.
“We are making good progress towards our key strategic ambitions, taking market share in our core regions and investing in our infrastructure to build a world class operational platform.
“In line with our commitment to building a sustainable future for all, we are proud to report that over 16,500 lives were positively impacted by SThree in the first half of the 2021 financial year. We significantly strengthened our position as talent providers to the low carbon transition and grew our renewables business by 37% in the first half of 2021 compared to HY 2020.”
See our HY results in fullNotes to editors
SThree plc brings skilled people together to build the future. It is the only global pure-play specialist staffing business focused on roles in science, technology, engineering and mathematics (‘STEM’), providing permanent and flexible contract talent to a diverse base of more than 9,000 clients in 15 countries.
The Group’s c.2,600 staff cover the technology, life sciences, engineering, banking and finance sectors.
SThree plc is quoted on the Premium Segment of the Official List of the Financial Conduct Authority under the ticker symbol STEM and also has a US level one ADR facility, symbol SERTY.
Read 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.
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.
2021 Annual Report: Discover how SThree is delivering STEM talent
Read how SThree is connecting sought-after STEM specialists with pioneering global companies in our 2021 Annual Report and TCFD statement.
SThree posts record profits with performance up 111% year-on-year
Full-year results for the year ended 30 November 2021 show profit before tax of £60m.
SThree delivers record full-year net fee performance with strong growth across all major geographies
Increased demand for STEM skills and execution of our strategy sees net fees rise 19% year-on-year, to £355.7m, up 9% versus 2019.