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Hays
Hays (HAS) investor relations material
Hays Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 TU earnings summary14 Jan, 2026
Executive summary
Group net fees declined 10% year-on-year in Q2 2026, with TEMP and contracting down 8% and PERM down 14%.
Pre-exceptional operating profit for H1 expected to be around GBP 20 million, in line with consensus, despite lower net fees.
Consultant net fee productivity grew 6% year-on-year, with headcount reduced by 1% in the quarter and 15% year-on-year.
Structural cost savings of GBP 15 million annualised secured in H1 2026, with a target of GBP 45 million per annum by FY 2029.
Net cash position at GBP 40 million at quarter end, reversing a net debt position from September 2025.
Financial highlights
TEMP and contracting volumes decreased 7% year-on-year; PERM volumes down 14%.
Net cash position at GBP 40 million, reflecting seasonal inflows and expected payment timing.
Dividends paid of GBP 4.6 million and GBP 1.2 million in share purchases for employee incentives.
DSOs maintained at 37 days.
Exceptional restructuring charge of approximately GBP 10 million expected in H1 2026.
Outlook and guidance
Consultant headcount expected to remain broadly stable in Q3 and H2, with ongoing cost base reduction and focus on high-performing business lines.
Macro uncertainty and reduced hours in Germany are key sensitivities for H2; return to work post-holidays is critical.
Full-year consensus operating profit at GBP 48.5 million, requiring a stronger H2.
No material working day impacts anticipated in Q3 and Q4.
Germany's Temp hours: What's the outlook?
Structural cost savings: H1 26 progress and outlook
Focus countries: Contribution to Group resilience
Germany hours impact: timing or structural?
Enterprise client retention strategy effectiveness?
High-skilled roles strategy: profit recovery driver?
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Next Hays earnings date
Trading update14 Feb, 2026
Hays
Next Hays earnings date
Trading update14 Feb, 2026
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Frequently asked questions
Hays plc is a UK-based company specializing in professional recruitment and workforce solutions. It operates across four main geographic regions: Germany, the United Kingdom & Ireland, Australia & New Zealand, and the Rest of the World. The company offers permanent, temporary, and contract recruitment services across various industries, including accountancy, finance, engineering, IT, construction, and healthcare. The company is headquartered in London, United Kingdom, and its shares are listed on the London Stock Exchange.
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