Hays Q3 Fees Down 8% Beats Forecast

Hays Plc reported Q3 net fees fell 8% LFL, outperforming analysts’ 9% decline expectation.
Revenue dropped in all regions, with Germany down 11%, UK/Ireland 10%, Australia/NZ 2%, Rest of World 6%.
Shares jumped about 5.8% after the update, and the firm reaffirmed full‑year adjusted EBIT guidance of £45 million.
Consultant headcount fell 3% QoQ (14% YoY), net debt £15 million versus £40 million cash in Q2.