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SThree Plc - Q1 2021 Trading Update

March 2021

Historically, SThree’s quarterly updates focus on net fees. However, it is clear that net fee stabilisation, coupled with the return to growth of the contractor order book and the full effects of 2020 cost actions will feed into stronger margins. We upgrade our FY’21 PBT by 11% and see further tailwinds behind margins if current trends are maintained. 

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