SThree (STEM) 
SThree: Upgrade to market expectations 
 
23-Nov-2020 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
23 November 2020 
 
         SThree plc 
 
         Upgrade to market expectations 
 
          SThree plc ("SThree" or the "Group"), the leading global pure-play 
       specialist staffing business focused on roles in Science, Technology, 
     Engineering and Mathematics ('STEM'), is pleased to announce an upwards 
 revision of its profit before tax expectations for the financial year 2020. 
 
   The Board has been encouraged by the increasing levels of activity it has 
   seen during the quarter, despite continuing uncertainties surrounding the 
 pandemic. There has been a notable improvement in the performance of the US 
      and German businesses, with high levels of demand in Life Sciences and 
   Technology through October and early November. As a result, the Group now 
      expects profit before tax for the 12 months to 30 November 2020, after 
 including the costs associated with the previously announced closure of the 
     Australian business, to be marginally above the top end of the range of 
                   market expectations*. 
 
           SThree will announce its FY20 Trading Update on 14 December 2020. 
 
Mark Dorman, CEO, commented: 
 
    "I am pleased to report that trading in the final quarter of the year is 
      coming in ahead of expectations, with our purpose of "bringing skilled 
people together to build the future" and our strategy focused on STEM skills 
 and flexible working continuing to serve us well. This performance has been 
  driven by hard work and dedication from our teams throughout the business, 
alongside learning to operate better in whatever environment we are in. This 
    has enabled us to capitalise on current opportunities and to continue to 
 build a strong platform for the future. With this confidence in our purpose 
   and strategy, we will continue to execute against our plans as we look to 
                   deliver the Group's long-term ambitions." 
 
       *Current Analyst PBT expectations range from GBP23.2m - GBP27.7m. Source: 
                   Reuters 
 
         - Ends - 
 
                           Enquiries: 
 
                           SThree plc 020 7268 6000 
Mark Dorman, Chief Executive Officer 
Alex Smith, Chief Financial Officer 
Steve Hornbuckle, Company Secretary 
 
                              Alma PR 020 3405 0205 
 
Rebecca Sanders-Hewett                SThree@almapr.co.uk 
 
Susie Hudson 
 
 The information contained within this announcement is deemed by the Company 
          to constitute inside information under the Market Abuse Regulation 
                   (Regulation (EU) No.596/2014). 
 
                   Notes to editors 
 
    SThree plc brings skilled people together to build the future. It is the 
      only global pure-play specialist staffing business focused on roles in 
        Science, Technology, Engineering and Mathematics ('STEM'), providing 
      permanent and flexible contract talent to a diverse base of over 9,000 
                   clients in 15 countries. 
 
  The Group's c.2,700 staff cover the Technology, Life Sciences, Engineering 
                   and Banking & Finance sectors. 
 
 SThree plc is quoted on the Premium Segment of the Official List of the FCA 
      under the ticker symbol STEM and also has a US level one ADR facility, 
                   symbol SERTY. 
 
                   Important notice 
 
  Certain statements in this announcement are forward looking statements. By 
         their nature, forward looking statements involve a number of risks, 
   uncertainties or assumptions that could cause actual results or events to 
      differ materially from those expressed or implied by those statements. 
Forward looking statements regarding past trends or activities should not be 
 taken as representation that such trends or activities will continue in the 
        future. Certain data from the announcement is sourced from unaudited 
        internal management information and is before any exceptional items. 
         Accordingly, undue reliance should not be placed on forward looking 
                   statements. 
 
ISIN:          GB00B0KM9T71 
Category Code: MSCM 
TIDM:          STEM 
LEI Code:      2138003NEBX5VRP3EX50 
Sequence No.:  88304 
EQS News ID:   1149783 
 
End of Announcement EQS News Service

(END) Dow Jones Newswires

November 23, 2020 02:00 ET (07:00 GMT)