DJ SThree: Final Results SThree (STEM) SThree: Final Results 25-Jan-2021 / 07:00 GMT/BST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU)
Group net fees for the full year declined 8% YoY , demonstrating resilience against COVID-19 s impact and the continued recovery of the underlying business in H2.
Full year adjusted profit before tax of £30.1 million (2019: £59.1 million).
Significant sequential improvement of underlying Group performance in the second half.
Contractor order book stabilised
Productivity per head up 4% in H2 YoY
Continued market share gains in the USA, Germany, the Netherlands and the UK despite disruption, in line with 2024 strategic ambitions.
Contract net fees demonstrating resilience, down 7% . Contract represents 76% of Group net fees (2019: 74%) in line with strategic focus.
Permanent net fees also showing resilience, down 13% .
SThree: Final Results -3-
DJ SThree: Final Results
SThree (STEM)
SThree: Final Results
25-Jan-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
(MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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SThree plc
( SThree or the Group )
FINAL RESULTS FOR THE YEAR ENDED 30 NOvember 2020
delivered a resilient performance
guided by our purpose and our focus on STem
SThree plc, the only global pure-play specialist staffing business focused on roles in Science, Technology, Engineering
and Mathematics ( STEM ), is today announcing its financial results for the financial year ended 30 November 2020.
Subsea 7 awarded contract offshore Angola
Nachrichtenquelle: globenewswire | 22.01.2021, 12:38 | 136 | 0
Luxembourg – 22 January 2021 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial
(1) contract by Cabinda Gulf Oil Company Limited (CABGOC). The contract is for the Sanha Lean Gas Connection (SLGC) project comprising the construction and installation of the Lean Gas Platform (LGP) system in Block-0 offshore Angola, at a water depth of approximately 70 metres. Project management and engineering will be performed from Subsea 7’s offices in Paris and Lisbon. Fabrication will take place at Sonamet’s yard in Lobito, Angola from 2021 to 2022, while offshore operations will occur from 2022 and 2023.
- Net trading revenue up 67% to £416.9 million (H1 FY20: £249.9 million) - Profit before tax increased 129% to £231.3 million (H1 FY20: £101.2 million) - Active clients rose 55% to 238,600 (H1 FY20: 154,000), 64,000 new clients onboarded (H1 FY20: 28,800) - New client retention rates are comparable to historical averages - Capital, funding, and liquidity remain very strong with regulatory capital resources of £712.3 million (31 May 2020: £675.5 million) - Interim cash dividend of 12.96 pence per share (H1 FY20: 12.96 pence per share) - Excellent progress in executing the growth strategy: - Revenue of £340.6 million in Core Markets (H1 FY20: £209.9 million), up 62% - Revenue of £76.3 million in Significant Opportunities (H1 FY20: £40.0 million), up £36.3 million