---
title: "HAS: Operating profit grew 3% despite an 8% net fee decline, with strong cost savings and cash conversion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296453950.md"
description: "Net fees declined 8% year-over-year to £905.5m, but operating profit rose 3% to £48.6m, driven by structural cost savings and improved consultant productivity. Exceptional costs of £89.6m were incurred for restructuring and country exits, while cash conversion remained strong at 189%.Original document: Hays plc [HAS] Slides Release — Aug. 20 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source."
datetime: "2026-08-20T07:56:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296453950.md)
  - [en](https://longbridge.com/en/news/296453950.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296453950.md)
generator: "portal-rs"
---

# HAS: Operating profit grew 3% despite an 8% net fee decline, with strong cost savings and cash conversion

Net fees declined 8% year-over-year to £905.5m, but operating profit rose 3% to £48.6m, driven by structural cost savings and improved consultant productivity. Exceptional costs of £89.6m were incurred for restructuring and country exits, while cash conversion remained strong at 189%.

Original document: Hays plc \[HAS\] Slides Release — Aug. 20 2026

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**