Hays H1 Earnings Call Highlights

Pre-exceptional earnings per share were 0.46 pence, down 43% year-on-year, driven by lower operating profit and a higher effective tax rate. The pre-exceptional tax rate rose to 44.8%, which Hilton attributed primarily to tax losses in some countries and disallowable items. Hays expects an FY2026 effective tax rate of about 45%.Pre-exceptional operating profit fell 25% like-for-like to £20.1 million, which the company had guided to previously. Hilton said the company was “not satisfied” with the current pro ...