- Full-year profits expected to exceed estimates
- Group hints at "substantial" summer dividen
Recruitment companies are full of the joys of spring. After a long Covid winter, the job market is booming, wage inflation is mounting and skills are in short supply. Hays (HAS), which specialises in white-collar recruitment, is no exception.
The group reported record fee income and its fastest ever profit growth for the six months to 31 December. Its ‘conversion rate’ – the conversion of net fees into operating profit – is particularly striking at 18 per cent, compared with 5.9 per cent in 2020.