SThree
STEM · Main Market · Industrial Goods and Services · mcap £360m · 309.0p
SThree places contractors and permanent staff in science, technology, engineering and maths roles, mainly in Germany, the US, the UK and Japan. It earns fees mostly from contract placements, where it keeps a margin on each contractor's pay.
| Date | Type | Announcement | Day |
|---|---|---|---|
| 07 Oct 26 | Extension of PUSU Deadline
Circle8 made revised all-cash offer proposal; PUSU deadline extended to 21 October 2026 for firm decision. |
+2.2% | |
| 24 Sep 26 | FY26 PBT Profit Forecast
SThree confirms FY26 PBT profit forecast remains valid under Takeover Code Rule 28.1. |
−0.8% | |
| 22 Sep 26 | Trading update | FY26 Q3 Trading Update
Q3 net fees down 2% YoY with sequential improvement; FY26 PBT guidance raised to at least £12 million. |
+0.2% |
|
ahead of previously announced c.£10 million PBT guidance expectations Q3 Group net fees £79.2m (£81.5m)Q3 Group net fees YoY -2% (-6% (Q2), -8% (Q1))Contractor order book £148m (£141m implied)FY26 PBT guidance at least £12m (c.£10m)Net cash £36m (£42m)Share buyback purchased £10.5m (up to £20m programme)
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| 11 Sep 26 | Offer | Rejection of possible offer from Circle8
SThree Board rejected unsolicited all-cash takeover proposal from Circle8, deeming it significantly undervaluing the company. |
−2.2% |
| 11 Sep 26 | Offer | Statement re Possible Offer
Circle8 Group submits proposal to acquire SThree in all-cash offer; decision deadline 7 October 2026. |
−2.2% |
|
SThree gross revenue (FY ended 30 November 2025) £1.3 billionCombined entities gross revenue target $3 billion
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| 09 Sep 26 | Disclosure Table
Circle8 Group Inc. identified as offeror in takeover of SThree plc; offer period commenced 9 September 2026. |
+10.2% | |
| 09 Sep 26 | Response to media speculation
SThree has received an unsolicited preliminary approach from Circle8 Group regarding a possible offer. |
+10.2% | |
| 21 Jul 26 | Results | FY26 Half Year Results
H1 FY26 net fees fell 7% to £147.7m; profit before tax down 75% to £2.7m but FY26 guidance of c.£10m maintained. |
−0.5% |
|
Revenue £598.8m (£648.8m)Net fees £147.7m (£159.1m)Operating profit £3.4m (£10.0m)Profit before tax £2.7m (£10.1m)Basic earnings per share 2.1p (5.6p)Net cash £43.0m (£47.8m)
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| 16 Jun 26 | Trading update | FY26 Half Year Trading Update
H1 net fees down 7% YoY with declining rate, USA growth strong, FY26 guidance maintained at c.£10m PBT. |
−0.1% |
|
Group net fees H1 2026 £147.7m (£159.1m)Contract net fees decline YoY -8%USA net fees growth YoY +12%Contractor order book £157mNet cash £43m (£48m)Share buyback purchased to date £7.8m
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| 15 Jun 26 | Board change | Chair tenure extension
Chair James Bilefield's tenure extended by seven months to April 2027 to conclude CFO search and prepare for succession. |
−2.3% |
| 18 Mar 26 | Purchase of shares into the EBT
EBT purchased 857,933 shares for employee share schemes between 6 and 16 March 2026. |
−0.9% | |
| 17 Mar 26 | Board change | CFO departure and succession plan
CFO Andrew Beach to depart at April AGM after nearly five years; Damian Fehrenberg named Interim CFO. |
−1.6% |
| 17 Mar 26 | Trading update | FY26 Q1 Trading Update
Q1 net fees down 8% YoY with stabilisation continuing; USA and Japan growth offset European weakness. |
−1.6% |
|
in line with expectations expectations Group net fees £71.7m (£78.4m)Contract net fees decline YoY -10%USA Contract net fees growth YoY +13%Contractor order book £152m (£163m)Net cash £51m (£45m)FY26 PBT guidance c.£10m
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| 09 Mar 26 | Results | Annual Report
SThree publishes 2025 annual report and notice of AGM scheduled for 29 April 2026. |
−1.4% |
| 12 Feb 26 | Commencement of Share Buyback Programme
SThree commences £20 million share buyback programme, expected to complete by end November 2026. |
−1.2% | |
|
Share Buyback Programme value £20 millionExpected completion date 30 November 2026Ordinary Shares outstanding 127,822,300
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| 27 Jan 26 | Results | FY25 Final Results
FY25 revenue declined 12% to £1,302.2m with profit before tax down 62% to £25.5m, but with improving momentum and TIP rollout complete. |
+4.5% |
|
in line expectations Revenue £1,302.2m (£1,492.9m)Net fees £322.7m (£369.1m)Profit before tax £25.5m (£67.6m)Basic earnings per share 13.7p (37.4p)Net cash £68.0m (£69.7m)Total dividend per share 14.3p (14.3p)
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| 02 Jan 26 | Purchase of shares into the EBT
EBT purchased 400,478 shares at average price of £1.85 per share for employee share schemes. |
−3.1% | |
| 16 Dec 25 | Trading update | FY25 Full Year Trading Update
FY25 net fees down 12% YoY to £322.7m, in line with £25m PBT guidance; US returned to growth. |
+6.9% |
|
in line expectations Net fees £322.7m (£369.1m)PBT guidance FY25 £25mNet cash £68m (£70m)Contractor order book £157mContract net fees £270.7m (£310.6m)Permanent net fees £52.0m (£58.5m)
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| 26 Nov 25 | Director Declaration
Non-executive Chair James Bilefield appointed as Chair designate of HBX Group, effective after its AGM on 12 February 2026. |
−0.7% | |
| 26 Nov 25 | Board change | Directorate Change
Rosie Shapland appointed as Independent Non-Executive Director; Elaine O'Donnell to resign 31 December 2025. |
−0.7% |
| 06 Oct 25 | Director Declaration
Non-executive director Elaine O'Donnell appointed as non-executive Chair of The Beauty Tech Group PLC. |
−0.2% | |
| 16 Sep 25 | Trading update | FY25 Q3 Trading Update
Q3 net fees down 12% year-on-year with modest sequential improvement; FY26 PBT guidance cut to £10 million. |
−25.3% |
|
Q3 net fees £81.5m (£92.7m)Contract net fees £67.9m (£78.1m)Permanent net fees £13.6m (£14.6m)Contractor order book £156mNet cash £42m (£48m)FY26 expected PBT c.£10m
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| 05 Sep 25 | Notice of GM
Directors determined prior distributions did not comply with Companies Act technical requirements; shareholder vote sought to remedy. |
+0.7% | |
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FY24 interim dividend paid 6 December 2024FY24 final dividend paid 6 June 2025Share buyback programme December 2024 to May 2025
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| 29 Jul 25 | Results | FY25 Half Year Results
H1 FY25 revenue £648.8m down 15% YoY; profit before tax £10.1m down 72%; full year guidance of £25m PBT reaffirmed. |
−8.7% |
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Revenue £648.8m (£763.4m)Net fees £159.1m (£188.7m)Profit before tax £10.1m (£39.0m)Basic earnings per share 5.6p (21.2p)Interim dividend per share 5.1p (5.1p)Net cash £47.8m (£90.0m)
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| 24 Jun 25 | Trading update | FY25 Half Year Trading Update
H1 net fees down 14% YoY with modest sequential improvement in Q2 driven by US recovery. |
+7.4% |
|
in line with previously announced guidance expectations Group net fees £159.1m (£188.7m)Contract net fees £133.8m (£158.7m)Permanent net fees £25.2m (£30.0m)Contractor order book £164m (£178m)Net cash £48m (£45m)FY25 PBT guidance c.£25m
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| 19 Jun 25 | Director Declaration
Imogen Joss becomes Senior Independent Director and Remuneration Committee Chair; Sanjeevan Bala becomes Employee Engagement NED, effective 1 July 2025. |
−1.7% | |
| 28 Apr 25 | Board change | Directorate Change
Paula Coughlan appointed as Independent Non-Executive Director effective 30 April 2025. |
+1.5% |
| 18 Mar 25 | Trading update | FY25 Q1 Trading Update
Q1 net fees down 15% YoY in challenging market; FY25 PBT guidance maintained at £25 million. |
+5.7% |
|
Group net fees £78.4m (£93.7m)Contract net fees £65.8m (£78.9m)Permanent net fees £12.6m (£14.8m)Contractor order book £168m (£180.6m)Net cash £45m (£70m)Share buybacks executed £10.5m
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| 04 Mar 25 | Results | Annual Report
SThree published 2024 Annual Report and Notice of AGM to be held 29 April 2025. |
−0.6% |
| 28 Jan 25 | Results | FY24 Final Results
FY24 revenue down 10%, net fees down 9%, profit before tax down 13% on reported basis amid weak market conditions. |
−1.6% |
|
in line expectations Revenue £1,492.9m (£1,663.2m)Net fees £369.1m (£418.8m)Operating profit £66.2m (£76.4m)Profit before tax £67.6m (£77.9m)Basic earnings per share 37.4p (42.4p)Net cash £69.7m (£83.2m)
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| 24 Jan 25 | Board change | Directorate Change
Non-executive director Denise Collis to retire from the Board on 30 June 2025 after nine years of service. |
−1.1% |
| 19 Dec 24 | Commencement of Share Buyback
SThree launches £20 million share buyback programme, commencing today and ending by FY25 half-year results. |
+1.1% | |
|
Buyback programme value £20 millionMaximum shares authorised for repurchase 13,487,250 ordinary sharesCurrent share capital 135,571,025 ordinary shares
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| 12 Dec 24 | Trading update | Trading Update
FY24 net fees down 9% to £369.1m; FY25 profit expected around £25m as challenges persist. |
−26.6% |
|
in line expectations Group net fees FY24 £369.1m (£418.8m)Contract net fees £310.6m (£343.6m)Net cash £70m (£83m)Contractor order book £161m (c.£179m)FY25 PBT guidance c.£25mExpected in-year net savings from TIP c.£6m
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| 24 Sep 24 | Trading update | FY24 Q3 Trading Update
Q3 net fees down 8% YoY to £92.7m; contractor order book down 6% to £167m; FY24 performance expected in line with consensus. |
−5.2% |
|
in line with market expectations expectations Group net fees £92.7m (£103.0m)Contract net fees £78.1m (£86.2m)Contractor order book £167m (£177.3m)Net cash £45m (£83m)Contract as % of net fees 84% (84%)
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| 23 Jul 24 | Notice of Investor Briefing
SThree hosting virtual investor briefing on Employed Contractor Model. |
+1.1% | |
| 23 Jul 24 | Results | FY24 Half Year Results
H1 FY24 net fees down 7% to £188.7m; contract business resilient with profit before tax up 5% to £39.0m. |
+1.1% |
|
in line with market expectations expectations Revenue £763.4m (£825.2m)Net fees £188.7m (£208.6m)Operating profit £37.7m (£38.1m)Profit before tax £39.0m (£38.5m)Net cash £90.0m (£72.4m)Interim dividend per share 5.1 pence (5.0 pence)
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| 16 Jul 24 | Notice of Third Investor Briefing
SThree to host investor briefing on Employed Contractor Model on 23 July 2024. |
−1.7% | |
| 18 Jun 24 | Trading update | FY24 Half Year Trading Update
H1 net fees down 7% year-on-year; contractor order book of £182m provides sector-leading visibility. |
+0.6% |
|
in line expectations Group net fees £188.7m (£208.6m)Contract net fees £158.7m (£170.0m)Permanent net fees £30.0m (£38.6m)Contractor order book £182m (£185.7m)Net cash £90m (£72m)Engineering net fees growth record
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| 10 Apr 24 | Change of Auditor
PwC to step down as auditor after 21 years; Ernst and Young LLP appointed following formal tender process. |
+0.0% | |
| 02 Apr 24 | Board change | Directorate Change
Sanjeevan Bala appointed as Independent Non-Executive Director with effect from 25 April 2024 Annual General Meeting. |
−0.9% |
| 19 Mar 24 | Trading update | FY24 Q1 Trading Update
Q1 net fees down 6% YoY to £93.7m; contract fees down 2% with strong extensions offsetting new business softness. |
−1.9% |
|
in line with market expectations expectations Group net fees £93.7m (£102.6m)Contract net fees £78.9m (£82.7m)Permanent net fees £14.8m (£19.9m)Contractor order book £184m (c.£186m)Net cash £97m (£64m)
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| 04 Mar 24 | Results | Annual Report
SThree published 2023 Annual Report and Notice of AGM to be held 25 April 2024. |
+1.3% |
| 30 Jan 24 | Results | FY23 Final Results
FY23 net fees down 4% on like-for-like basis against record prior year; profit before tax £77.9m ahead of expectations. |
−0.1% |
|
ahead expectations Revenue £1,663.2m (£1,639.4m)Net fees £418.8m (£430.6m)Operating profit £76.4m (£77.6m)Profit before tax £77.9m (£77.0m)Net cash £83.2m (£65.4m)Basic earnings per share 42.4p (41.0p)
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| 23 Jan 24 | Change of Registrar
Share register transferred from Link Group to Computershare Investor Services PLC effective 22 January 2024. |
+0.0% | |
| 14 Dec 23 | Trading update | FY23 Full Year Trading Update
FY23 net fees down 4% YoY to £418.8m against record prior year; Contract up 1%, Permanent down 22%. |
+0.7% |
|
in line with FY23 market expectations expectations Group net fees FY23 £418.8m (£430.6m)Contract net fees £343.6m (£334.2m)Permanent net fees £75.3m (£96.4m)Contractor order book £184mNet cash £83m (£65m)Contract as % of net fees 82% (78%)
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| 08 Dec 23 | Board change | Directorate Change
Non-Executive Director Barrie Brien to retire at 2024 AGM; replacement recruitment underway. |
+1.8% |
| 23 Nov 23 | Appointment of Joint Corporate Brokers
SThree appoints Berenberg and Investec as joint corporate brokers with immediate effect. |
+1.2% | |
Company filings. Not investment advice.