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.
Latest news
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.
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 ranks top in Support Services sector in Britain’s Most Admired Companies 2021
Study published by Management Today puts SThree first in eight of the 13 key criteria.
SThree named ‘Top Employer’ in Germany for a ninth consecutive year
Top Employer Institute recognises our approach to creating a positive culture and supporting colleagues.
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.
SThree awarded Company of the Year at the 2021 European Diversity Awards
EDA awards are firmly established as the continent’s most prestigious and widely respected diversity event.
Samira Alimohammad named on SIA list of most influential women in staffing
Vice-President and General Counsel of SThree Americas, recognised as one of the most influential women in staffing in North America.
SThree shortlisted for Company of the Year at the European Diversity Awards
SThree is delighted to be included on the shortlist for the Company of the Year award at the 2021 European Diversity Awards.
SThree appoints new Chief Marketing Officer
Carol McNerney’s diversity of experience will help us achieve our stated ambitions as the number one global STEM provider.
SThree reports strong third-quarter results for 2021
Net fees up 29% y-o-y and full-year profits are expected to be significantly ahead of consensus.
SThree posts strong half-year results with profit growth surpassing pre-pandemic levels
Operating profit up 106% compared to half-year (HY) 2020, while contract and Permanent net fees up 8% and 18% respectively year-on-year.
SThree to introduce a hybrid working model when offices re-open
We listened to colleagues across the businesses and have adopted a hybrid policy allowing our people to work at home and in the office.
SThree appoints new Chief Financial Officer
Andrew Beach will be instrumental in delivering further growth and ensuring the financial strength of our staffing services.
Financial Times names SThree on list of Europe’s Climate Leaders
Recognition acknowledges progress made in reducing our carbon emissions to protect the future of the planet.
SThree partners with Generating Genius to fund five university scholarship students in the UK
Talented students to undertake computer science and engineering courses at universities in London, Manchester and Birmingham.
SThree named Recruiter Awards' Sustainable Recruitment Agency of the Year
Sustainability strategy recognised for "Strong, mature considerations of impact and social engagement with demonstrable solutions.