Overview

• Hays reported a 90% drop in annual pre-tax profits, significantly impacted by low business confidence and longer hiring times.
• The company's net fees fell by 12%, with major markets like Germany, Australia, and the UK showing reduced activity.
• Despite the profit decline, Hays remains optimistic about future recovery, focusing on cost management and consultant productivity.
• The UK and Ireland division suffered a 78% profit drop, influenced by political uncertainties and subdued recruitment activity.
• Hays' CEO emphasized the company's strategic actions to position itself for a market rebound.