Driver Group plc
08 October 2007
DRV.L
Driver Group plc
('Driver' or the 'Group')
Trading update
and
Notice of Results
Driver, the provider of specialist commercial and dispute resolution services to
the construction industry, is pleased to make the following trading update in
relation to the year ending 30 September 2007.
The Directors are pleased to report that the financial performance of the Group
for the full year will be in line with market expectations.
The benefits from the recruitment drive in the year are showing through, with
the integration of the new consultants progressing well across the Group. These
new staff members are achieving increasing levels of utilisation and have
started to generate new opportunities.
The Middle East is an increasingly active region for the construction industry
and a region in which the Group is gaining momentum. This is providing further
opportunities for expansion with the establishment of an office in Oman in
progress.
During the last quarter, the London office has seen the recruitment drive
implemented in the first half begin to bear fruit. As a result, levels of
utilisation have improved significantly, delivering continued and sustainable
growth.
The outlook remains positive, particularly with increases in utilisation levels
in the UK and continued expansion in the Middle East, and the Board looks
forward to next year with confidence.
Preliminary results are expected to be announced in the week commencing 10
December 2007.
For more information:
Driver Group plc Tel: 01430 808 124
Steve Driver, Chief Executive
Zeus Capital Limited Tel: 0161 831 1512
Alex Clarkson/Nick Cowles
Panmure Gordon & Co Tel: 020 7614 8386
Mark Lander / Aubrey Powell
Biddicks Tel: 020 7448 1000
Katie Tzouliadis
This information is provided by RNS
The company news service from the London Stock Exchange
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