Staffline Group PLC Interim Pre-Close Trading Update (4911T)
04 July 2018 - 4:00PM
UK Regulatory
TIDMSTAF
RNS Number : 4911T
Staffline Group PLC
04 July 2018
For immediate release 4 July 2018
Staffline Group plc
('Staffline' or 'the Group')
Interim Pre-Close Trading Update
Staffline (AIM: STAF), the Recruitment and Training
organisation, is pleased to provide the following update on trading
for the six months ended 30 June 2018.
As noted at the Group's Annual General Meeting on 17 May 2018,
despite a tight labour market, the Recruitment division has
continued to perform strongly. Our size and scale allows us to meet
growing customer demand, and the four acquisitions so far this year
have improved our coverage in specific geographic areas. During the
first six months of the year, the Customer Experience strategy has
been rolled out giving unrivalled levels of insight into workers'
experiences on a site by site basis. This data will allow us to
benefit both employee and customer retention through previously
unseen feedback. We are confident that this will accelerate our
consolidation of the market in which we already have a strong
leadership position.
In PeoplePlus, the Group's Training, Skills, and Well-Being
services division, the transition away from the Work Programme
contracts remains on track. We are benefiting from our investment
in the Apprenticeship Levy space and have made good progress
delivering Fair Start Scotland, which launched in April. We
continue to develop a strong pipeline across a number of areas,
including devolved government and prison education.
As a result, we are pleased to confirm that we are trading in
line with expectations and the Board remains confident of the
Group's growth prospects. The Board looks forward to providing a
further update at the time of the Interim Results, which will be
announced on Wednesday 25 July 2018.
A presentation for analysts will be held at 9.30am on Wednesday
25 July 2018 at the offices of Buchanan, 107 Cheapside, London EC2V
6DN. A presentation for private and retail investors will also be
held on Wednesday 25 July 2018, starting at 12.00pm at the office
of Buchanan, 107 Cheapside, EC2V 6DN. Admittance is strictly
limited to those who register their attendance in advance of the
event. To register for the event, please contact Buchanan on 020
7466 5000 or staffline@buchanan.uk.com.
Date of next trading update
The Group expects to provide a final pre-close trading update on
Thursday 3 January 2019.
For further information, please contact:
Staffline Group plc
Chris Pullen, Chief Executive Officer 07786 265344
Mike Watts, Group Chief Financial Officer 07970 215262
www.stafflinegroupplc.co.uk
investors@staffline.co.uk
Liberum
NOMAD and Joint Broker
Steve Pearce / Joshua Hughes
www.liberum.com 020 3100 2222
Berenberg
Joint Broker
Chris Bowman / Toby Flaux
www.berenberg.com 020 3207 7800
Buchanan
PR and Communications
Richard Oldworth/Jamie Hooper/Madeleine
Seacombe
www.buchanan.uk.com
staffline@buchanan.uk.com 020 7466 5000
Market Abuse Regulation
This announcement is released by Staffline Group plc and
contains inside information for the purposes of the Market Abuse
Regulation (EU) 596/2014 ("MAR") and is disclosed in accordance
with the Company's obligations under Article 17 of MAR. The person
who arranged for the release of this announcement on behalf of
Staffline Group plc was Mike Watts, Group Chief Financial
Officer.
About Staffline - Recruitment, Training and Support
Enabling the Future of Work(TM)
Staffline is the UK's market leading recruitment and training
group. It has two divisions:
Recruitment Division
The UK's leading provider of flexible blue-collar workers,
supplying over 60,000 staff per day to c. 1,500 private sector
clients, across a wide range of industries including agriculture,
drinks, driving, food processing, logistics and manufacturing. It
operates from over 400 locations in UK, Eire and Poland.
Its world leading Customer Experience platform provides
optimised customer-based staffing management solutions whilst
providing market-leading levels of job satisfaction for
workers.
PeoplePlus
The leading adult skills and learning provider in the UK,
delivering apprenticeships, adult education, prison education and
skills-based employability programmes across the country.
Education and Training - market leading provider of training
courses for private sector Apprenticeships (both Levy and non-Levy)
and Government funded Adult Skills programmes.
Employability - top quartile performer, supporting Government
programmes providing back-to-work education and support services to
the unemployed.
Justice and Community - education and training services for
prisoners and probationers, as well as individual support services
for carers and people with disabilities, both at home and in the
work place.
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END
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