U.K.-based recruitment company published its prelim results for the year to 30 June. The company’s balance sheet is strong, it is roughly breaking even and I remain confident that the company will ride out the current market trough. However, there are few signs for now of a meaningful recovery in the company’s end markets, so little reason to upgrade the stock.
Full Year Results Showed Some Resilience
This clearly wasn’t a good year for Hays or the rest of the recruitment industry. That said, the company’s full year results were not terrible. In my opinion