15th Jul 2025 11:48
(Alliance News) - Robert Walters PLC on Tuesday reported "sequentially stable trading", but cautioned that wider market uncertainty worsened in the second quarter of 2025, as it cut its headcount.
The London-based international recruitment company reported that net fee income in the second quarter of 2025 fell 14% on-year to GBP72.7 million from GBP84.8 million. For the whole of the first half, it was down 16% to GBP140.0 million from GBP166.1 million.
The firm said it cut its headcount by 2.4% to 3,125 in the second quarter, compared to 3,202 at the end of the first quarter of 2025. It was 14% lower than 3,625 at the end of 2024's second quarter.
"Whilst net fees were higher than in the first quarter [consistent with normal seasonal trends], macroeconomic uncertainty became more pronounced, with forward indicators [new job flow and interviews] slightly weaker compared to the end of the first quarter," Robert Walters said.
Chief Executive Toby Fowlston said: "We remain focused on our strategic initiatives to strengthen the business. We are rigorously engaged in improving fee earner productivity across our markets, driving efficiencies in our front and back-office teams, optimising our office network and leveraging more co-ordinated procurement. In today's rapidly changing world of work, clients need a wider range of services than before. We have a full suite of talent solutions to support them, delivered by experienced and motivated teams, and remain excited by the opportunity we have to win as markets improve."
The company will publish half-year results on July 31.
Robert Walters shares fell 3.4% to 174.40 pence each on Tuesday morning in London.
By Tom Budszus, Alliance News slot editor
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