SThree - Q3 update – Early signs of improvement, in-line outlook
September 2023
The trading backdrop for SThree through the last three quarters has been consistent; a challenging backdrop for new business, offset by resilience in contract extensions and renewals for the contractor order book. Q3 paints a broadly similar picture although the tone of commentary around new business is more optimistic and we can now see a clear sequential net fee improvement between Q2 and Q3 when we adjust for the businesses restructured earlier in the year (Ireland and Singapore).
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