Source: Sharecast
On Tuesday, the company completed the sale of operations in six European countries, which provide specialist recruitment services to local customers.
Operations in Czech Republic, Denmark, Hungary, Luxembourg, Romania and Sweden were sold to PE frm Meraki Capital for net cash proceeds of £4m.
Hays is now looking at operations in Belgium, Brazil, Greater China, Malaysia, The Netherlands, Singapore and UAE, which it said was consistent with its strategy.
The 13 countries are broadly breakeven in terms of pre-exceptional operating profit, generating a combined £85m in net fees over the 12 months to 30 June.
"Over the last year, Hays has been reshaping its country portfolio, including the previous exit from four other countries, as it focuses on building scale in high performing and high potential markets where it has an ability to establish and grow leading positions," Hays said in a statement to investors.
"Going forward, Hays will focus on its remaining core 16 countries."
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