Hays plc (LSE:HAS) reported a difficult financial year ending June 2025, with net fees and profits declining amid economic and political uncertainty that affected client and candidate confidence. Despite these headwinds, the company achieved strategic progress by enhancing resource allocation, improving consultant productivity, implementing structural cost savings, and maintaining strong cash flow. Hays plans to continue focusing on efficiency measures, targeting additional cost reductions by FY29, positioning itself for growth when market conditions stabilize.
The company faces ongoing financial pressures, including declining revenues and profits, reflected in low valuation metrics. Technical indicators show negative momentum, and while strategic initiatives—such as appointing BNP Paribas as a Joint Corporate Broker—are positive, they are insufficient to fully counter current market challenges.
About Hays plc
Hays plc is a global recruitment firm employing around 9,500 people across 207 offices in 31 countries. The company operates across 21 professional and skilled specialisms, with its largest sectors being Technology, Accountancy & Finance, Engineering, and Construction & Property, which together generate 62% of net fees. Hays’ diversified business model includes 62% of net fees from Temp & Contracting and 38% from Permanent placements, with international operations contributing 80% of net fees in FY25.
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