20th Aug 2014 06:55
LONDON (Alliance News) - Harvey Nash Group PLC Wednesday said its half-year results are expected to be in line with expectations, as its performance in the UK, Ireland and the US proved robust and temporary recruitment in mainland Europe offset subdued demand for permanent recruitment and currency headwinds.
The recruitment and professional services firm said its results for the six months to July 31 will be in line with management expectations, with adjusted pretax profit set to rise around 5% on the back of an expected 8% rise in revenue in the half to around GBP356 million from GBP329 million last year. Those results were hit substantially, however, by currency movements, with profit and revenue estimated to have risen 12% on a constant currency basis.
The rise in revenue came as the growth in demand for recruiting continued in its UK, Ireland and US operations. Harvey Nash also said its Asian operations performed well.
The firm said temporary contract activity in mainland Europe was strong, offsetting subdued demand for permanent recruitment, particularly in the German market.
Harvey Nash said it will post its full interim results for the six months to July 31 on September 30.
By Sam Unsted; [email protected]; @SamUAtAlliance
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