Recent Insider Transactions • May 20
CEO & Director recently bought €170k worth of stock On the 14th of May, Mark Dearnley bought around 486k shares on-market at roughly €0.35 per share. This transaction increased Mark's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Announcement • May 20
Hays plc Announces the Appointment of Mark Dearnley as Chief Executive Officer, Effective 18 May 2026 Hays plc announced the appointment of Mark Dearnley as Chief Executive Officer (CEO) with immediate effect (18 May 2026), having served as interim CEO since 27 February 2026. Mark is a highly experienced senior executive with a strong track record of leading digital and business transformation across multiple industries. Prior to being appointed interim CEO, Mark was Hays Chief Digital and Technology Officer. He joined Hays from Inchcape plc, where he held the role of Group Chief Digital Officer. Other previous roles include Partner at Bain & Company, Chief Digital & Information Officer at HM Revenue & Customs, and Chief Information Officer, UK at Vodafone Group plc. He is currently a Trustee at The King's Trust. Board Change • Jan 06
High number of new directors Non-Executive Chairman of the Board Michael Findlay was the last director to join the board, commencing their role in 2025. Announcement • Nov 21
Hays plc Elects Michael Findlay as Director Hays plc announced the at its Annual General Meeting held on 19 November 2025, shareholders approved to elect Michael Findlay as a director of the Company. Announcement • Oct 23
Hays plc (LSE:HAS) announces an Equity Buyback for 2,000,000 shares, for £2 million. Hays plc (LSE:HAS) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 ordinary shares, for £2 million. The shares purchased will be held in treasury and utilized to satisfy employee share plans. The program is valid till December 31, 2025. Announcement • Jul 06
Hays plc Announces Committee Changes, Effective Immediately On July 4, 2025, Hays plc announced the following changes to the composition of the Board Committees with immediate effect: Helen Cunningham, Joe Hurd and Susan Murray will step down as members of the Audit and Risk Committee. Joe Hurd, Cheryl Millington and Zarin Patel will step down as members of the Remuneration Committee. Following the above changes the composition of the Audit and Risk Committee and Remuneration Committee will be as follows: Audit and Risk Committee- Zarin Patel (Chair), Anthony Kirby, Cheryl Millington. Remuneration Committee- Susan Murray (Chair), Helen Cunningham, Anthony Kirby. Announcement • Feb 20
Hays plc to Report Fiscal Year 2025 Results on Aug 21, 2025 Hays plc announced that they will report fiscal year 2025 results on Aug 21, 2025 Announcement • Jan 16
Hays plc Announces Board Changes Hays plc announced the appointment of Michael Findlay to its Board as a Non-Executive Director and Chair-designate. He will join the Board on 20 January 2025 and will succeed Andrew Martin as Non-Executive Chair from 1 May 2025. Andrew will retire on 1 May 2025 after nearly 8 years on the Board. Michael Findlay is currently Non-Executive Chair of London Stock Exchange plc and a Non-Executive Director of International Distribution Services plc and Jarrold & Sons Limited. Michael is also Chair of Morgan Sindall Group plc but announced on 15 January 2025 that he will be stepping down from the Board on 28 July 2025. Previous roles include co-head of investment banking for UK and Ireland at Bank of America and Senior Independent Director at UK Mail Group plc. Announcement • Jan 15
Hays plc Provides Earnings Guidance for the First Half of 2025 Hays plc provided earnings guidance for the first half of 2025. The company expected first half pre-exceptional operating profit of £25 million, towards the lower end of the consensus range. Given ongoing economic uncertainty, New Year Temp & Contracting 'return to work' will again be particularly important in fiscal year 2025 and the company is closely monitoring activity levels. At a Group level there are no material working-day effects in second half of fiscal year 2025. However, Easter falls entirely in fourth quarter, while in fiscal year 2024 it was evenly split between third quarter and fourth quarter. The company expected this to have a 1% positive impact on year-on-year net fee growth in third quarter of fiscal year 2025, with a corresponding 1% headwind to fourth quarter of fiscal year 2025. Announcement • Nov 20
Hays plc Announces Board and Committee Changes Hays announced changes to its Board and Committee membership: · MT Rainey, Chair of the ESG Committee and Designated Workforce Engagement Director, stepped down from the Board with effect from the conclusion of the AGM held on November 20, 2024, having served a nine-year tenure on the Board. · Joe Hurd will succeed MT Rainey as Chair of ESG Committee with immediate effect. · Helen Cunningham will succeed MT Rainey as the Designated Workforce Engagement Director and will also be appointed as a member of the ESG Committee with immediate effect. Announcement • Oct 11
Hays plc to Report First Half, 2025 Results on Feb 20, 2025 Hays plc announced that they will report first half, 2025 results on Feb 20, 2025 Upcoming Dividend • Oct 10
Upcoming dividend of UK£0.021 per share Eligible shareholders must have bought the stock before 17 October 2024. Payment date: 25 November 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.2%). Declared Dividend • Aug 25
Final dividend of UK£0.021 announced Shareholders will receive a dividend of UK£0.021. Ex-date: 17th October 2024 Payment date: 25th November 2024 Dividend yield will be 2.8%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (66% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Aug 23
Full year 2024 earnings released: UK£0.003 loss per share (vs UK£0.086 profit in FY 2023) Full year 2024 results: UK£0.003 loss per share (down from UK£0.086 profit in FY 2023). Revenue: UK£6.95b (down 8.4% from FY 2023). Net loss: UK£4.90m (down 103% from profit in FY 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year. Announcement • Aug 23
Hays plc, Annual General Meeting, Nov 20, 2024 Hays plc, Annual General Meeting, Nov 20, 2024. Announcement • Aug 20
Hays plc Announces Company Secretary Changes, with Effect from 26 August 2024 The Board of Hays plc announced that Doug Evans will retire as Company Secretary with effect from 26 August 2024, having served the Company for over 11 years. The Directors wish to express their appreciation for the significant contribution made by Doug during his tenure as General Counsel & Company Secretary. The Board announced the appointment of Rachel Ford as General Counsel from 12 August 2024 and as Company Secretary with effect from 26 August 2024.Rachel is an experienced lawyer and company secretary and has worked both in private practice and in-house with several large and complex organisations. She joins the from Gatwick Airport where she was General Counsel & Company Secretary. Rachel's previous roles include Head of Group Legal and Chief of Staff to the CEO at Capita plc. Buy Or Sell Opportunity • Apr 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.7% to €1.05. The fair value is estimated to be €1.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 0.3% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Helen Cunningham was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Feb 25
First half dividend of UK£0.0095 announced Shareholders will receive a dividend of UK£0.0095. Ex-date: 29th February 2024 Payment date: 9th April 2024 Dividend yield will be 5.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 7.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 113% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 23
First half 2024 earnings released: EPS: UK£0.008 (vs UK£0.041 in 1H 2023) First half 2024 results: EPS: UK£0.008 (down from UK£0.041 in 1H 2023). Revenue: UK£3.54b (down 7.8% from 1H 2023). Net income: UK£12.3m (down 82% from 1H 2023). Profit margin: 0.3% (down from 1.7% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Feb 22
Hays plc to Report Fiscal Year 2024 Results on Aug 22, 2024 Hays plc announced that they will report fiscal year 2024 results on Aug 22, 2024 Announcement • Feb 21
Hays plc Appoints Board Appointments Hays plc has announced that Helen Cunningham will join the Board of Hays as an independent Non-Executive Director with effect from 1 March 2024 and Anthony Kirby will join the Board of Hays as an independent Non-Executive Director with effect from 1 April 2024. Announcement • Feb 20
Hays plc Announces Board and Committee Changes Hays plc announced the following changes to its Board and Committee membership: · Peter Williams, Senior Independent Director and Chair of the Audit Committee, will step down from the Board with effect from 20 February 2024, having completed a nine-year tenure on the Board. · Cheryl Millington will succeed Peter Williams as Senior Independent Director with effect from 21 February 2024. · Zarin Patel will succeed Peter Williams as Chair of the Audit Committee with effect from 21 February 2024. · the Board has established an ESG Committee, which will oversee ESG strategy and activity. The Committee will be formed of Non-Executive Directors, chaired by MT Rainey, with Joe Hurd and Zarin Patel as members. Announcement • Oct 13
Hays plc Provides Group Earnings Guidance for the First Half of 2024 Hays plc provided group earnings guidance for the first half of 2024. for the half year, the company expects operating profit to be decline. Announcement • Oct 12
Hays plc to Report Q3, 2024 Results on Apr 18, 2024 Hays plc announced that they will report Q3, 2024 results on Apr 18, 2024 Announcement • Oct 05
Hays plc, Annual General Meeting, Nov 15, 2023 Hays plc, Annual General Meeting, Nov 15, 2023, at 12:00 Coordinated Universal Time. Location: the offices of UBS, 5 Broadgate, London EC2M 2QS London United Kingdom Agenda: To receive the audited financial statements for the year ended 30 June 2023, together with the reports of the Directors and Auditor; to approve the Directors' Remuneration Report for the year ended 30 June 2023, contained on pages 127145 of the Annual Report & Accounts; to approve the Directors' Remuneration Policy set out on pages 116 to 126 of the 2023 Annual Report & Accounts, such policy to take effect from the date on which the resolution is passed; and to discuss other matters. Reported Earnings • Oct 05
Full year 2023 earnings released: EPS: UK£0.086 (vs UK£0.092 in FY 2022) Full year 2023 results: EPS: UK£0.086 (down from UK£0.092 in FY 2022). Revenue: UK£7.58b (up 15% from FY 2022). Net income: UK£138.3m (down 10% from FY 2022). Profit margin: 1.8% (down from 2.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Sep 28
Upcoming dividend of UK£0.043 per share at 4.9% yield Eligible shareholders must have bought the stock before 05 October 2023. Payment date: 17 November 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.7%). New Risk • Aug 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Announcement • Jul 13
Hays plc Provides Earnings Guidance for the Fiscal Year 2023 Hays plc provided earnings guidance for the fiscal year 2023. Operating profit is expected to be in line with market consensus expectations of £196 million. Announcement • May 23
Hays plc (LSE:HAS) acquired unknown majority stake in Vercida Consulting.Com Limited. Hays plc (LSE:HAS) acquired unknown majority stake in Vercida Consulting.Com Limited on May 22, 2023.Hays plc (LSE:HAS) completed the acquisition of unknown majority stake in Vercida Consulting.Com Limited on May 22, 2023. Reported Earnings • Feb 24
First half 2023 earnings released: EPS: UK£0.041 (vs UK£0.041 in 1H 2022) First half 2023 results: EPS: UK£0.041 (in line with 1H 2022). Revenue: UK£3.84b (up 25% from 1H 2022). Net income: UK£66.7m (down 2.5% from 1H 2022). Profit margin: 1.7% (down from 2.2% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jan 26
Hays plc to Report Fiscal Year 2023 Results on Aug 24, 2023 Hays plc announced that they will report fiscal year 2023 results on Aug 24, 2023 Announcement • Jan 17
Hays plc Provides Earnings Guidance for the First Half of Fiscal Year 2023 Hays plc provided earnings guidance for the first half of fiscal year 2023. Group operating profit in first half of fiscal year 2023 of between £95 million to £97 million, in line with expectations. Announcement • Jan 04
Hays Plc Appoints Zarin Patel as an Independent Non-Executive Director and Member of Audit, Remuneration and Nomination Committees Pets at Home Group Plc announced that Zarin Patel, a Non-Executive Director and Chair of the Audit & Risk Committee and a member of the Nomination and Corporate Governance Committee, the ESG Committee and the Remuneration Committee, has been appointed to the Board of Hays Plc as an independent Non-Executive Director and member of its Audit, Remuneration and Nomination Committees. Reported Earnings • Oct 05
Full year 2022 earnings released: EPS: UK£0.092 (vs UK£0.037 in FY 2021) Full year 2022 results: EPS: UK£0.092 (up from UK£0.037 in FY 2021). Revenue: UK£6.59b (up 17% from FY 2021). Net income: UK£154.2m (up 151% from FY 2021). Profit margin: 2.3% (up from 1.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. Announcement • Oct 04
Hays plc, Annual General Meeting, Nov 09, 2022 Hays plc, Annual General Meeting, Nov 09, 2022, at 12:00 Coordinated Universal Time. Location: At the offices of UBS, 5 Broadgate, London EC2M 2 London United Kingdom Agenda: To receive the audited financial statements for the year ended 30 June 2022, together with the reports of the Directors and Auditor; to approve the Remuneration Report for the year ended 30 June 2022; and to authorise the payment of a final dividend of 1.90 pence per Ordinary 1 pence share for the year ended 30 June 2022. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €1.09, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Professional Services industry in Europe. Total loss to shareholders of 17% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of UK£0.092 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 11 November 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 9.4%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.8%). Announcement • Aug 26
Hays plc to Report First Half, 2023 Results on Feb 23, 2023 Hays plc announced that they will report first half, 2023 results on Feb 23, 2023 Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: UK£0.092 (vs UK£0.037 in FY 2021) Full year 2022 results: EPS: UK£0.092 (up from UK£0.037 in FY 2021). Revenue: UK£6.59b (up 17% from FY 2021). Net income: UK£154.2m (up 151% from FY 2021). Profit margin: 2.3% (up from 1.1% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.7%, compared to a 8.1% growth forecast for the Professional Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Joe Hurd was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Joe Hurd was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 18
Hays plc Announces Retirement of Torsten Kreindl as Non-Executive Director Hays plc announced that Torsten Kreindl retired as a Non-Executive Director of the Company on 16 May 2022, having served for nine years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €1.30, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Professional Services industry in Europe. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.39 per share. Reported Earnings • Feb 25
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: UK£0.041 (up from UK£0.008 in 1H 2021). Revenue: UK£3.07b (up 11% from 1H 2021). Net income: UK£68.4m (up 443% from 1H 2021). Profit margin: 2.2% (up from 0.5% in 1H 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 19%, compared to a 9.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Feb 25
Hays plc Provides Earnings Guidance for the Year 2022 Hays plc provided earnings guidance for the year 2022. For the period, The company expects operating profit to be between £210-215 million, ahead of consensus market expectations. Reported Earnings • Oct 09
Full year 2021 earnings released: EPS UK£0.037 (vs UK£0.031 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: UK£5.65b (down 4.7% from FY 2020). Net income: UK£61.5m (up 30% from FY 2020). Profit margin: 1.1% (up from 0.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 23
Upcoming dividend of UK£0.10 per share Eligible shareholders must have bought the stock before 30 September 2021. Payment date: 12 November 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.8%). Reported Earnings • Aug 27
Full year 2021 earnings released: EPS UK£0.037 (vs UK£0.031 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: UK£5.65b (down 4.7% from FY 2020). Net income: UK£61.5m (up 30% from FY 2020). Profit margin: 1.1% (up from 0.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Aug 27
Hays plc Proposes Special Dividend, Payable on 12 November 2021 Hays plc proposed special dividend Of £150 million or 8.93 pence per share, to be approved by shareholders in November 2021. If approved, special dividend will be paid on 12 November 2021 to shareholders on the register at the close of business on 1 October 2021. Announcement • Jul 16
Hays plc Provides Earnings Guidance for the Year 2021 Hays plc provided earnings guidance for the year 2021. For FY21 operating profit is now expected to be £95 million, driven by improving fees and good underlying cost management. Announcement • Apr 13
Hays plc Provides Earnings Guidance for the Fiscal 2021 Hays plc provided earnings guidance for the fiscal 2021. As a result of improving net fee performance and good cost control, Group operating profit for fiscal 21 is expected to be at least £85 million. Reported Earnings • Feb 20
First half 2021 earnings released: EPS UK£0.008 (vs UK£0.046 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: UK£2.76b (down 11% from 1H 2020). Net income: UK£12.6m (down 81% from 1H 2020). Profit margin: 0.5% (down from 2.2% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Feb 19
Insider recently sold €180k worth of stock On the 18th of February, John Faraguna sold around 100k shares on-market at roughly €1.80 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €89k more than they sold in the last 12 months. Is New 90 Day High Low • Feb 11
New 90-day high: €1.69 The company is up 17% from its price of €1.45 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.59 per share. Is New 90 Day High Low • Jan 05
New 90-day high: €1.65 The company is up 31% from its price of €1.25 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.67 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €1.55 The company is up 21% from its price of €1.29 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.54 per share. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 17% share price gain to UK£1.37, the stock is trading at a trailing P/E ratio of 39.9x, up from the previous P/E ratio of 34.1x. This compares to an average P/E of 27x in the Professional Services industry in Europe. Total return to shareholders over the past three years is a loss of 28%. Is New 90 Day High Low • Nov 09
New 90-day high: €1.37 The company is up 3.0% from its price of €1.32 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Professional Services industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.55 per share. Reported Earnings • Oct 10
Full year earnings released - EPS €0.031 Over the last 12 months the company has reported total profits of UK£47.5m, down 71% from the prior year. Total revenue was UK£5.93b over the last 12 months, down 2.3% from the prior year. Profit margins were 0.8%, which is lower than the 2.7% margin from last year. The decrease in margin was driven by lower revenue. Analyst Estimate Surprise Post Earnings • Oct 10
Annual earnings released: Revenue beats expectations Annual revenue exceeded analyst estimates by 7.8% at UK£5.93b. Revenue is forecast to decline by -13% over the next year, while the growth in Professional Services industry in Germany is expected to stay flat. Is New 90 Day High Low • Sep 23
New 90-day low: €1.16 The company is down 10.0% from its price of €1.29 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.52 per share. 
