SThree’s FY 2021 Pretax Profit Seen Ahead of Market Views

By Sabela Ojea

SThree PLC said Monday that its performance for the third quarter of fiscal 2021 was very strong, with full-year pretax profit now expected to be significantly above market expectations.
The specialist staffing business said pretax profit for the year ending Nov. 30 is expected to reach 51.4 million pounds ($71.1 million) by the market.

The London-listed company said third-quarter net fees for the three months ended Aug. 31 rose 11% compared with the same period in 2019, noting that Germany’s net fees were up 22% and fees in the U.S. and the Netherlands increased by 28% and 8%, respectively.
Year-on-year net fees rose 29%, the company said, adding that its contractor order book improved by 41% on a year-on-year basis.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix