Hays PLC (HAS.LN), the white collar recruiter, said Thursday that total net fees increased by 21% on an actual basis and by 18% on a like for like basis in the quarter ended Sept 30, thanks to strong and broad based growth across most of the group's markets.

MAIN FACTS:

-Growth in net fees for the first quarter by region:

*Asia Pacific Actual 59%; Like for like 39%

*Continental Europe & Rest of World Actual 24%; Like for like 27%

*United Kingdom & Ireland Actual and Like for like 1%

-By segment:

*Temporary Actual 12%; Like for like 9%

*Permanent Actual 34%; Like for like 30%

-International consultant headcount increased by 6%.

-The outlook remains good across 90% of its markets.

-Continuing to invest in headcount across Asia Pacific, Continental Europe and South America.

-Group's performance in the first quarter has been in line with the Board's expectations.

-The Group continued to deliver a strong cash flow performance.

-Net debt increased to around GBP100 million (June 30: GBP77.2 million) due to the phasing of cash flows.

-Shares closed Wednesday at 117.60 pence, valuing the Company at GBP1.63 billion.

-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314; jana.weigand@dowjones.com

 
 
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