Hays PLC (CHIX:HASl)

£ 0.64 -0.011 (-1.69%) Market Cap: 1.01 Bil Enterprise Value: 1.15 Bil PE Ratio: 0 PB Ratio: 2.11 GF Score: 66/100

Half Year 2025 Hays PLC Earnings Call Transcript

Feb 20, 2025 / 09:00 AM GMT

Release Date Price: £0.7185 (-1.58%)

Transcript

Key Points

Positve

Hays PLC (FRA:HAY) achieved a sector-leading productivity increase over the last two quarters through business line prioritization and optimized resource allocation.
The company secured GBP 55 million per annum in structural cost savings since the start of the last fiscal year.
Net fees with enterprise clients are growing well, with a 12% acceleration in Q2.
Consultant fee productivity increased by 4% year on year, indicating efficient resource allocation.
The company maintained a strong cash conversion rate of 257% in H-125.

Negative

Group like-for-like net fees decreased by 13%, with temp and contracting down 9% and permanent placements down 19%.
Pre-exceptional operating profit decreased by 56% year on year to GBP 25.5 million.
The UK and Ireland division reported a GBP 6.5 million operating loss, with net fees declining by 17%.
The ANZ division saw a 17% decline in net fees and a reduced operating profit of GBP 1.4 million.
The company faces ongoing macroeconomic uncertainty, impacting client and candidate confidence and leading to lower placement volumes.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HAYS.L - Hays PLC
Half Year 2025 Hays PLC Earnings Call
Feb 20, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome everyone. I'm Dirk Hahn, chief executive, and I'm here with our CFO James Hilton to present our H-125 interim results. Many of you will recall that our strategy includes 5 levers designed to build a structurally more profitable, resilient, and growing business.

Despite ongoing macroeconomic uncertainty, we have remained relentlessly focused on delivering them.

Our presentation today will increase your confidence that we are structurally improving haze despite challenging markets and remain relentlessly focused on driving operational rigor through business line prioritization, resource allocation, and efficiency initiatives.

Before we examine this in more detail later, let me briefly run through a

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