SThree shares gain momentum as the firm raises profit guidance to £12 million, driven by an 11% fee increase in the U.S. and a 5% expansion in its contractor order book.
SThree raised full-year profit guidance to at least £12 million from £10 million and reported improving Q3 net fee trends, led by US growth and life sciences recovery.
SThree plc has lifted its full-year profit-before-tax guidance to at least £12 million, up from £10 million, citing improved productivity and cost-optimization efforts. The recruitment firm reported a moderation in third-quarter net-fee declines to 2%, bolstered by an 11% surge in U.S. fees and a return to growth in the life sciences sector.
The upward revision is primarily driven by working-capital efficiencies, sustained productivity gains, and successful cost-optimization programs.