Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

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HOW WE USE INFORMATION

We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

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We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

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You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

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CONTACT

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SThree plc (STHR)

  Print      Mail a friend       Annual reports

Friday 28 March, 2008

SThree plc

Interim Management Statement

SThree plc
28 March 2008

                                   SThree plc



                          Interim Management Statement





SThree plc ('SThree' or the 'Group'), the international specialist staffing
business, is today issuing an Interim Management Statement covering the period
from 3 December 2007 to 27 March 2008.  The financial and operational data
relates to the three-month period ended 3 March 2008, being the first quarter of
the financial year ended 30 November 2008.



The Group has continued to record encouraging placement levels during the period
with the contract and permanent sides of the business both posting strong growth
on the equivalent period in 2007.  The Board is pleased with the Group's overall
performance which is in line with its expectations and internal key performance
indicators (KPIs)*.



At the end of the first quarter SThree had 5,581 active contractors, an increase
of 21.6% on the prior year (2007: 4,589).  Average contractor gross profit per
day rates also remained strong in the first quarter of the year.



During the first quarter SThree made a total of 2,289 permanent placements, an
increase of 21.6 % over the prior year (2007: 1,881).  Average placement fees
have continued to improve.



Both UK and non-UK geographies performed as expected as did the ICT and non-ICT
sectors.



The performance achieved in the first quarter positions the Group well to
deliver a strong result for the year. As in previous years the Group performance
will be weighted significantly towards the second half.  This normal level of
seasonality may be somewhat more pronounced in the current year reflecting the
phasing of planned headcount growth, with the majority of targeted staff
recruitment expected to take place in the first half. In addition, as announced
in the preliminary results, the Group will recognise a £1.9m loss resulting from
the closure of derivatives related foreign exchange contracts in the first half
results.



Russell Clements, Chief Executive, commented:



'Recent trading conditions remain unchanged from the beginning of the financial
year and overall demand for our services remains robust.  Candidates continue to
have the confidence to move jobs, creating further vacancies as employers look
to replace them on a like-for-like basis.  This factor, coupled with the
structural growth characteristic of our international markets, creates a strong
platform for the Group to continue to post significant growth for the rest of
the year.



'In the light of recent events, demand in the investment banking market remains
subdued.  However, these markets are not of sufficient significance to the Group
to have a major negative impact on the overall performance of the Group.  We
remain aware of concerns that negative sentiment could spread beyond the
financial arena, but have yet to see any evidence of this actually happening.
That said, the Group's seasoned management team is closely focused on ensuring
that our strategy remains consistent with the prevailing market conditions.'





All Data sourced from SThree MIS. * KPIs include Drop out Rates, Time to Hire
and Interview to Placement ratios



SThree is hosting an analyst conference call today at 0830 GMT.  The dial in
number is + 44 20 3003 2666 and the password is SThree.



                                    - Ends -



Enquiries:


SThree plc                                                         020 7292 3838
Russell Clements, Chief Executive Officer
David Tilston, Interim Chief Financial Officer

Citigate Dewe Rogerson                                             020 7638 9571
Kevin Smith / Nicola Smith





Notes to editors



SThree, founded in 1986, is an international specialist staffing business,
providing both permanent and contract staff to a diverse, client base of well
over 6,000 clients.  From its well-established position as a major player in the
information and communications technology ('ICT') sector the Group has broadened
the base of its operations by building fast-growing businesses serving the
banking and finance, accountancy, human resources, engineering, energy and
pharmaceuticals sectors.



Following the establishment of its first business, Computer Futures, in 1986,
the Group adopted a multi-brand strategy. SThree currently operates 12
separately managed brands, the four largest being Computer Futures, Huxley
Associates, Progressive and Pathway, and has 33 offices in the UK and 19
overseas offices, 15 elsewhere in Europe, the Netherlands, Belgium, France,
Germany and Ireland.  In 2006, the Group opened its first North American office,
in New York, and recently opened offices in Australia, Hong Kong and Dubai.



SThree has a selective approach to clients and focuses on high margin
opportunities, predominantly within the small to medium-sized enterprises ('SMEs
') market and, from its inception, the Group has avoided the high volume, low
margin business model in favour of a focus on high quality business.




                      This information is provided by RNS
            The company news service from the London Stock Exchange