Staffline Group PLC Pre Close Trading Update (1986D)
05 July 2016 - 4:00PM
UK Regulatory
TIDMSTAF
RNS Number : 1986D
Staffline Group PLC
05 July 2016
5 July 2016
STAFFLINE GROUP PLC
("Staffline" or "the Group")
Pre Close Trading Update
Staffline (AIM: STAF), the Staffing and Employability
organisation, providing people and operational expertise to
industry, is pleased to provide the following update on trading for
the six months ended 30 June 2016.
The Group has made excellent progress in the first half of 2016,
with trading in line with expectations.
As noted at the Group's AGM in May, Staffing has continued to
perform well with strong demand for its services from both new and
existing customers. Furthermore, to date, there has been no change
in demand following the recent EU referendum vote and the Group
continues to source record numbers of workers to supply this
demand. Our Employability division, PeoplePlus, has achieved an
encouraging performance, with the improvement of the Work Programme
contracts now clearly showing through.
The Board continues to view the Group's growth prospects
positively and looks forward to providing a further update at the
time of Interim Results, which will be announced on Wednesday 27
July 2016. A presentation for analysts and investors will be held
at 9.30am on the day of results at the offices of Buchanan, 107
Cheapside, London EC2V 6DN.
For further information, please
contact:
Staffline Group plc 0115 950 0885
Andy Hogarth, Chief Executive 07931 175775
Chris Pullen, Group Chief Financial
Officer 07786 265344
www.staffline.co.uk
Liberum Capital Limited NOMAD
& Joint Broker 020 3100 2222
Steve Pearce / Steve Tredget
/ Richard Bootle
Berenberg Joint Broker 020 3465 2722
Chris Bowman/ Marie Stolberg
Buchanan 020 7466 5000
Sophie McNulty / Jane Glover staffline@buchanan.uk.com
About Staffline
Staffline is a leading outsourcing organisation providing
Staffing services to industry, supplying up to 45,000 workers every
day to more than 1,300 clients. The Group is also a leading
provider of services in to the Government funded Welfare to Work
and Skills arena across the UK.
The business comprises two key areas:
Staffing Services
Specialising in providing complete labour solutions in
agriculture, food processing, manufacturing, e-retail, driving and
the logistics sectors, the Staffing business operates from over 330
locations in the UK, Eire and Poland.
The Staffing brands include:
-- Staffline OnSite, based on clients' premises and providing
both blue and white collar, out-sourced, temporary workforces
-- Select Appointments, a high street branch-based operation
providing white collar office staff, operated entirely on a
franchised basis by independent business owners
-- Staffline Express, a high street branch based operation
-- Driving Plus, providing HGV drivers to the driving industry
-- Staffline Agriculture, providing workers to the UK farming and growing sectors
Employability
PeoplePlus is one of the largest Prime Contractors of the Work
Programme in the UK with over 150 locations nationwide. Contracts
include:
-- Work Programme, prime contractor in nine regions in England and six sub-contacted regions
-- Steps to Success, prime contractor in Northern Ireland
-- Skills Funding Agency - managing the Offender's Learning and Skills Service ("OLASS 4")
-- The Money Advice Service ("TMAS")
-- Independent Living Services
-- New Enterprise Allowance scheme - supporting people to become self-employed
-- Suffolk County Council MyGo centre supporting youth employment
-- Ministry of Justice Transforming Rehabilitation in Warwickshire and West Mercia
The Group also operates in the Kingdom of Saudi Arabia and
Australia and provides training services in the UK through:
-- Elpis, a national training consultancy,
-- Learning Plus, an e-learning platform
-- Skillspoint, a procurement consultancy specialising in
helping employers benefit from government
funded, work-based training
This information is provided by RNS
The company news service from the London Stock Exchange
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