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Perm "smashed" for Talent, but overall results stay strong

Talent has bucked the recruitment industry trend of declining financial results, reporting EBITDA growth of 3% year-on-year in the six months to December, largely due to its focus on "adjacencies", says CEO Mark Nielsen.

The global EBITDA result of $14.1 million for the half was achieved on revenue of $505 million, up 7% on the previous corresponding period.

The growth is despite a 27% yoy decrease in permanent recruitment income, which usually accounts for about 20% of gross margin but has fallen to 15%, Nielsen tells Shortlist...