SThree, the global STEM-specialist talent partner, 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).
The results, which cover the period from 1 December 2021 to 28 February 2022, are driven by the continued execution of our strategy and show the ongoing strength in new placement activity.
We’ve experienced strong YoY growth in all five of our core markets. Net fees are up in Germany (24%), the USA (27%), the Netherlands (45%), the UK (29%) and Japan (78%).
Similarly, there has been momentum across our key sectors, with net fees up 30% in technology, 23% in life sciences and 31% in engineering.
Contract and permanent YoY net fees are also up 32% and 18%, respectively. Other highlights include our contractor order book being up 42% YoY, which underpins our confident outlook.
And we have a robust balance sheet, with £41 million net cash – as of 28 February 2022.
Timo Lehne, Interim CEO, commented: “The strong momentum of FY 2021 has continued into the first quarter of FY 2022, in line with the Board’s expectations, with robust performances across all our core markets and sectors. In addition, the previously guided investment in our people, talent acquisition and infrastructure to drive long-term sustainable growth is progressing and will gather pace through 2022.
“Our well-established strategy, positioned at the centre of the secular trends of STEM and flexible working, continues to drive this encouraging performance. New placement activity, as well as the strength of the contractor order book, gives us confidence in the outlook as we build on the positive start to the year. Our rigorous focus on strategic execution has not wavered and we remain fully committed to driving returns for all of our stakeholders.
“Whilst we are conscious of the broader uncertainties arising from the war in Ukraine and its potential macro-economic consequences, our direct exposure is minimal. We are encouraged by current trading and remain confident about our overall growth prospects as we continue to position ourselves as the leading STEM talent provider in the best global STEM markets.”
You can read our full results here.
Notes 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.2,700 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.
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 wins silver at the Learning Technology Awards
SThree’s L&D team have won silver at the 2022 Learning Technologies Awards. The awards recognize the achievements within the learning tec...
SThree leaders named on SIA’s Staffing Europe 100 and Global Power 150 List
Timo Lehne, Sunnny Ackerman and Karima Green have been recognised on SIA staffing lists
SThree’s ‘STEM Equity Coalition’ wins American Staffing Association Elevate award
SThree’s ESG team have won the American Staffing Association (ASA) Elevate award for their 'STEM Equity Coalition' programme. Learn more
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 appoints new Non-Executive Director
Elaine O’Donnell has been appointed Non-Executive Director of SThree plc.
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 publishes a new white paper on ‘How the STEM World Works’
How the STEM World Works’ research examines and reveals the changing expectations of sought-after specialists in STEM
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.