• 74% of Group's net fee income generated from international business.
  • Strong growth in France and Germany against a backdrop of economic uncertainty across Europe.
  • Further expansion in Asia with the opening of the Group's first Taiwan office in Taipei.
  • Market conditions in the UK remain difficult.
  • Balance sheet remains strong, with net cash in excess of £17m as at 31 December 2011 (£24.9m as at 31 December 2010).

Robert Walters, Chief Executive, commented:
"Group net fee income for the year ended 31 December 2011 was up 18% (15%*) to £183.6m (2010: £155.4m) and we expect a satisfactory outcome for 2011 as a whole.

"We are very mindful of current market conditions and weaker client and candidate confidence and therefore enter 2012 with caution. We will run the business as we have in previous times of economic uncertainty, through sensible cost management and long term investment in those markets offering strong growth opportunities. The Group remains well positioned to meet the challenges ahead as a result of our strategy of geographic expansion and diversification."

The Group will publish its final results for the year ended 31 December 2011 on 1 March 2012.

* Constant currency is calculated by applying prior year exchange rates to local currency results for the current and prior years.

ENQUIRIES
Robert Walters plc         +44 (0) 20 7379 3333
Robert Walters, Chief Executive
Alan Bannatyne, Group Finance Director

Pelham Bell Pottinger
James Henderson        +44 (0) 20 7861 3160
jhenderson@pelhambellpottinger.co.uk

Archie Berens             +44 (0) 20 7861 3112
aberens@pelhambellpottinger.co.uk

distribué par

Ce noodl a été diffusé par Robert Walters plc et initialement mise en ligne sur le site http://www.robertwalters.com. La version originale est disponible ici.

Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-06 10:53:38 AM et restera accessible depuis ce lien permanent.

Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.