SThree anticipates continued market challenges through 2025; shares fall 6%

Published 28/01/2025, 10:16
© Reuters.

Investing.com -- SThree has reported a drop in its full-year net fees and anticipates that the current challenging market conditions will continue to impact its business activity through to 2025.

On Tuesday, the company reported that its group net fees fell 9% on-year to 369.1 million pounds ($461.4 million). The shares in the company fell 6%.

The company's profit before tax for the full year 2024 was 67.6 million pounds, a decrease from 77.9 million pounds in 2023.

SThree anticipates its full-year 2025 profit before tax to be approximately 25 million pounds. This includes up to 7 million pounds of one-off costs tied to operational efficiencies.

Chief Executive Officer Timo Lehne stated, "Whilst Contract extensions remain robust, the board has taken a prudent view of 2025 given the weak new business environment, which is expected to persist through the current year."

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.