Robert Walters (GB:RWA) has released an update.
Robert Walters PLC reports a decrease in Q2 gross profit, with net fee income down by 12% in constant currencies compared to the previous year, reflecting a rebasing of market conditions since the post-pandemic peak. The firm is adjusting headcount in response to demand, maintaining a strong balance sheet with net cash of approximately £49m. CEO Toby Fowlston acknowledges a longer than expected period of market adjustment, with a cautious outlook for a recovery in confidence levels not anticipated before 2025.
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