LONDON (dpa-AFX) - Hays PLC (HAS.L) reported that its third-quarter Group fees decreased by 14% year-on-year on a like-for-like basis, or 13% on a WDA basis. On an actual basis, net fees decreased by 17% in the quarter.
Dirk Hahn, Chief Executive, said: 'Market conditions remained challenging through the quarter. In Australia and UK&I, Temp activity was stable through third quarter, although volumes in each are down approximately 15% YoY, and slightly below pre-Christmas levels. In Germany, Temp & Contractor volumes decreased by 5% YoY, and fees were also impacted by lower-than-normal average hours worked per assignment.'
Looking forward, Hays expects overall near-term market conditions to remain challenging, but broadly stable.
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