Booming Robert Walters won’t be derailed by Catalonia turmoil
Recruiter Robert Walters today shrugged off fears the Catalonian political crisis could threaten its booming Spanish business after reaping the rewards of post-crisis labour law reforms.
Eponymous chief Robert Walters said he can’t see Spain’s runaway growth for the company changing despite the Catalan breakaway bid.
“It won’t make any difference for us other than any indications on trade in what is now Spain changing,” he said.
“We’re left with a bit of an unknown but in any event I can’t see how it would affect us.”
Spanish net fees rose 40% this quarter, building on a 70% leap in the six months ending June.
That makes it the best performer for Walters in Europe this year.
The independence bid has triggered political turmoil this month, with banks like Sabadell considering leaving the north-east region.
Robert Walters’ group net fee income grew 21% in the three months ending September to £90.7 million, thanks to a 39% rise in European fees. The UK put on 15% fee growth to £26.9 million.
