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(Bloomberg) — The trade deal between the US and the European Union will help spur hiring momentum in 2026, helping the beleaguered recruitment industry exit an extended slowdown, SThree Plc said.
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“The confidence level will come back more toward next year,” Chief Executive Officer Timo Lehne said in an interview Tuesday. “Hopefully we see some small positive improvement in the second half of this year and then build on top of that.”
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SThree, which specializes in recruitment across science, technology and engineering, reported adjusted pretax profit of £10.1 million ($13.5 million) in the first half of 2025, a 74% drop from a year earlier. Recruiters have struggled with low confidence from both companies and potential candidates as the European labor market tightened. Tariff uncertainty added pressure as firms delayed hiring decisions.
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Lehne anticipates the German government’s pledges to invest across key industries will help boost business in the country, one of its biggest markets. SThree also sees improving momentum in Japan and the US, with the latter seeing growing demand for engineering and energy jobs.
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While there are green shoots, the timing of any recovery remains unclear.
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“It’s very hard to call because I need to know when the market starts to turn,” Chief Financial Officer Andrew Beach said. “But if the markets all turned in the next six months, we’re probably then talking into 2027.”
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Shares fell as much as 8.1% in London, the biggest intraday drop since December.
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