APAC revenue up 19% in H1 2018 for Talent
Following a strong 2018 financial year, Talent has continued to deliver growth in the six months to 31st December 2018. Compared to the same period in 2017, global revenue increased by 20%, gross margin by 22%, and EBITDA increased by a massive 94%. Talent’s turnover for the six months was $314m.
Richard Earl, founder and executive chairman of Talent, commented, “This is a real breakthrough moment as we see our various initiatives now converting to a very healthy bottom line. As a believer in the long term game this is extremely satisfying and is a validation of our strategy. I am especially pleased with how our APAC CEO Mark Nielsen’s unique brand of leadership and focus on culture has played a major part in this growth. In the process he has earned a number of well-deserved industry accolades.”
In APAC, revenue increased by 19% to $276m, gross margin by 24% and EBITDA by 86%. Mark Nielsen, APAC CEO, said, “We have seen strong growth across all ANZ branches, with both permanent and contract revenue significantly exceeding budget. In Australia, our Melbourne, Perth and Brisbane branches saw exceptional growth. What was also very pleasing to see was the ‘coming of age’ for our New Zealand business, which increased revenue by 47% and is now achieving strong profitability. Further supporting this stellar growth has been our continued expansion into the mid-sized RPO market where we are seeing significant success through our unique approach to solutions.
“In Europe we have seen continued growth in the UK public sector, Germany, and our Microsoft Dynamics specialist business Hunter Charles. We have also seen a major take-up of Talent360, our proprietary recruiter on demand solution. Europe CEO Jon Butterfield reiterated that he was delighted to be seeing a return on investment as the business is now generating sustainable profits.”
Earl added that Talent’s US operations continue to develop well in California with particular success in the digital health and biotech sector, which will continue to expand. The next six months will also see a greater focus on New York as the company pursues acquisition targets in addition to launching the Microsoft offering Hunter Charles. He shared, “These latest results provide us with the necessary capital to further develop our innovation products, invest in new people, and continue to scale and expand into the US market.”
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