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SThree's international focus drives growth

Whilst the UK continues to lag, the STEM recruiter saw net fee growth in the third quarter of 2019
September 16, 2019

Despite an ongoing domestic slowdown, specialist recruiter of science and technology professionals SThree (STHR) still saw overall net fees in its third quarter increase by 4 per cent year on year at constant currencies to £87.8m. With 86 per cent of net fees generated from international markets, weakness in the UK has only had a limited impact. Net fees in the UK and Ireland were down by 7 per cent to £12.1m.

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Contract net fees have risen 7 per cent and account for three-quarters of the group total. While permanent is down 5 per cent, the group’s largest region for permanent recruitment – Germany, Austria and Switzerland – is stable.