Robert Walters (GB:RWA) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Robert Walters PLC reports a decrease in net fee income of 12% in Q3 2024 compared to the previous year, amidst persistent challenging global hiring markets and without expecting a material improvement in client and candidate confidence levels until 2025. The company, however, maintains a strong balance sheet with net cash of £50m and continues to implement its ‘disciplined entrepreneurialism’ strategy aimed at ensuring a profitable year-end. Regional performances varied, with Asia-Pacific and Europe experiencing declines, while the UK saw a significant drop in net fee income and the Rest of World region faced mixed results.
For further insights into GB:RWA stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue