CTPartners Reports A Loss And A Flat Year

March 13, 2014 – CTPartners Executive Search Inc./(NYSE:CTP) reported that its net revenue for 2013 was $130.3 million, a 1.5 percent increase compared to net revenue of $128.4 million the prior year. The company reported a net loss for the year of $1.6 million, or $0.23 per share, compared to a net loss of $3.6 million, or $0.51 per share loss, for 2012. For the full year, CTPartners' U.S./Americas revenue dipped to $90.7 million from $90.9 million in 2012. Globally, the financial services sector contributed 26 percent to the firm's revenue stream, followed by life sciences (19 percent), professional services (18 percent), the consumer/retail sector (14 percent), TMT and industrial (23 percent combined). During the year the firm's flow of search assignments remained steady, with 1,395 new assignments reported compared to 1,352 the prior year, though productivity dropped by 18 percent. Average revenue per assignment was reported at just below the $100,000 mark. Like its other recruiting rivals, CTPartners reported a strong showing in the final quarter of 2013: the firm posted fourth quarter revenues of $34.3 million, an increase of 13.6 percent from $30.2 million a year ago. U.S./Americas increased 12 percent to $22.9 million from 20.4 million. CTPartners is a global executive search firm offering expertise in technology, media and telecom, financial services, life sciences, professional services, retail, industrial and board advisory services.