What Hays (HAS) Said on Its Q1 Earnings Call
Permanent hiring fell 7% globally as Hays cut staff and closed or sold operations in several countries, the company said.
- On Monday, global recruitment firm Hays reported a 3% decline in net fees for the first quarter ending September 30, driven largely by a 7% fall in permanent hiring fees.
- Chief executive Mark Dearnley said permanent activity remains 'mixed' amid sustained strong growth in North America but ongoing fragility in Northern Europe, as the jobs market remains 'as tough as ever.'
- Within Ireland, net fees fell 5% including a 9% tumble for permanent role hiring, while The London-headquartered firm is reviewing operations in Belgium, Brazil, Greater China, Malaysia, The Netherlands, Singapore, and the United Arab Emirates.
- Shares plunged as much as 12% in early trading before settling around 7% lower, as AJ Bell investment director Russ Mould suggested 'companies lack confidence and don't want to invest in their business for growth.'
- Richard Hunter, head of markets at interactive investor, said Hays is 'well aware' of challenges including difficult economic conditions and is concentrating on specialized positions expected to be less impacted by AI.
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13 Articles
Evening Standard
Hays sees weakening permanent jobs market keep trading under pressure
The London-based firm, which is one of Europe’s biggest recruitment agencies, said its net fees were down 3% for the quarter ending September 30.
What Hays (HAS) Said on Its Q1 Earnings Call
Hays (LON:HAS) reported a 3% year-over-year decline in group net fees for the first quarter of fiscal 2027, as weaker permanent recruitment activity continued to outweigh a more resilient performance in temporary and contracting recruitment. On a like-for-like basis, excluding country exits and the
Hays Posts 14th Straight Net Fee Drop
British recruiter Hays reported its 14th straight quarterly decline in net fees on Monday as weak hiring in Germany’s auto industry and Britain’s private sector offset growth in the U.S. and parts of Asia. Geopolitical tensions, tariffs, and conflict in the Middle East have weighed on hiring and… The post The post Hays Posts 14th Straight Net Fee Drop first appeared on Recruiting Headlines.
Hays shares plunge 12% as jobs market ‘remains as tough as ever’ - London Business News
Hays shares fell sharply on Monday after the recruitment group reported declining fees amid continued weakness in permanent hiring, with analysts warning that employers remain reluctant to commit to expansion… The post Hays shares plunge 12% as jobs market ‘remains as tough as ever’ appeared first on London Business News
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