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Hexagon Human Capital Results to 30 September 2007
The Board of Hexagon Human Capital plc (AIM: HHC), the UK’s leading provider of Interim Executive Management and one of the UK’s leading Executive Search businesses, is pleased to announce its unaudited results for the six months ended 30 September 2007 which are in line with management expectations.
Financial Highlights
| Reported results | Six months to Sept 2007 | Six months to June 2006 |
|---|---|---|
| Net Fee Income ("NFI") | £8.7m | £1.9m |
| Earnings Before Interest, Taxation and Amortisation ("EBITA") | £2.4m | £0.1m |
| NFI to EBITA conversion | 28% | 7% |
| Adjusted* EPS | 8.22p | 0.62p |
*before amortisation and finance charges on deferred consideration
Commenting on the results, Chairman Robert Walker said:
“Both of our divisions, Senior Interim Management and Executive Search, have achieved strong growth compared to the first six months of 2006 and trading has been in line with management expectations. The recent acquisition of Archer Mathieson and the hiring of a number of experienced fee earners have further strengthened the Group’s position. The number of Senior Interim Managers on assignment is at an historic high.
“The Group remains focused on the provision of leadership talent to a broad range of market sectors and has minimal exposure to the volatile financial markets. Our market leading position in the provision of Senior Interim Managers benefits from recurring revenues over an average nine month tenure which coupled with the high transaction values of our executive search portfolio offers robust defensive characteristics in the event of a market slowdown. With strong current order books in all divisions the Board is confident of meeting full year expectation.”
To discuss your interim management requirements with BIE call +44(0)20 7222 1010