Robert Walters posts growth in third-quarter net fee income

Robert Walters reported growth in third-quarter net fee income, as its emerging market and more well-established recruitment business continue to perform well.

The recruiter said net fee income rose 11% year-on-year in constant currency to £60.4m, with the UK up 14% and Europe up 15%.

In the UK, the growth rates were strongest in financial services and legal, while Resource Solutions delivered a number of new client wins during the period and continued to produce strong net fee income growth.

The Netherlands, Belgium, Spain and Ireland all continued to produce strong net fee income growth, while contract recruitment in France continued to be active but permanent remained muted, the company said.

Chief executive Robert Walters said: “The outlook for the fourth quarter remains positive, with current trading in line with our expectations. The group remains confident of its prospects for the full year.”

At 0845 BST, shares were down 2.6% at 428.50p.