Robert Walters trading in line, strong UK performance

8th Oct 2013 07:37

Recruitment firm Robert Walters revealed net fee income growth, in constant currency across all of its regions, with the UK performing particularly well.The group, which has 53 offices in 24 countries, said UK net fee income surged 21% after robust growth in Resource Solutions and the regions in particular.Double-digit growth in constant currency was seen across Asia Pacific, excluding Australia where market conditions remain challenging, with strong performances from Japan and Malaysia, it explained.Other International, comprised of the US, South Africa, Brazil and the Middle East, booked a 33% increase in net fee income in constant currency.Chief Executive Robert Walters commented: "We continue to trade in line with expectations. The positive signs noted across some markets, which we highlighted in our recent half year results, have continued, albeit at a measured pace." "We remain mindful of the mixed nature of global market conditions and current economic and political volatility; however we continue to focus on generating increased productivity from our existing businesses and firmly believe that the Group is well positioned to benefit from a sustained recovery," he added. The group had net cash of £20.0m as at September 30th 2013, up from £6.0m a year earlier. CJ