Hays reported double-digit growth in fees during its financial second quarter, thanks to the performance of its international business, the recruitment firm reported on Thursday.
In a trading statement for the three months to the end of December, Hays reported "strong overall growth" of 13% in net fees.
In its international business, which represents 76% of group net fees, 24 of the 33 countries in which it operates reported double-digit growth in fees.
Regional break down
Regionally, net fees were up 17% in Continental Europe, 16% in Asia-Pacific and 14% in Australia.
The company's UK region, representing around a quarter of the business, saw just 1% growth in net fees. The company said uncertainties surrounding Brexit were having a negative impact on UK hiring as employees preferred to remain where they were, rather than risk career changes in the uncertain environment.
Alistair Cox, chief executive (left), said: "Whilst activity levels at the start of the New Year will be an important driver of the Group's second half performance, we continue to see strong trading conditions in the vast majority of our international markets.
"Our diverse and balanced global business, together with our highly experienced management teams and our strong balance sheet means we are well-positioned to capitalise on the many clear growth opportunities we currently see in most of our markets, while maximising earnings and cash along the way."
Investors welcomed the results and shares in Hays rose 3.3% to 194.1p in early trade on the London Stock Exchange.
Picture courtesy of Hays website