SThree PLC (LSE:STEM), the science, technology and engineering recruiter, said it expects full-year profit to be ahead of expectations after a strong second quarter.
Net fees were up 23% year on year in the second quarter, with growth driven across all key regions and disciplines, said chief executive Timo Lehne.
“Our business had largely recovered from the pandemic in Q2 last year, so this is the first period in which we have been able to provide a true like-for-like comparison; net fee growth of 23% in Q2 is therefore a significant achievement,” he said.
The contractor order book was up 35% year on year at the end of May, while net cash stood at £48mln, the same as a year earlier.
Profit before tax for the 12 months to 30 November are now expected to be at least 5% ahead of market consensus of £66.2mln.