Matchtech Group PLC
26 July 2007
26 July 2007
Matchtech Group plc
Trading Update
Matchtech Group plc ('Matchtech' or the 'Group'), one of the UK's leaders in
specialist technical recruitment , is pleased to provide a trading update for
the year ending 31 July 2007. The Group plans to release its preliminary results
on 16 October 2007.
The Board is pleased with the Group's performance in the year, reflecting
continuing positive trading conditions across each of the Group's three sectors:
Engineering, Built Environment and Support Services.
Net Fee Income for the first eleven months of the year is over 27% ahead of the
same period last year, driven by robust demand for both contract and permanent
staff. Particularly strong demand for permanent staff has seen a slight change
in the business mix, with permanent fees in the year to date accounting for 31%
of Net Fee Income (2006: 29%). Over the last few months the Group has
successfully recruited 30 graduates to support the continued growth of our
business.
Based on the above, the Group's continuing focus on operating costs and its
single site operating model, the Board is confident that the results for the
full year will come in at the upper end of its expectations.
For further information please contact:
Matchtech Group plc 01489 898989
George Materna, Chairman
Adrian Gunn, Group Managing Director
Tony Dyer, Group Finance Director
Hogarth Partnership 020 7357 9477
John Olsen / James Longfield / Fiona Noblet
Arbuthnot Securities 020 7012 2000
Andrew Fullerton/ Ian Williams
Background on Matchtech
Matchtech specialises in the provision of contract and permanent staff in the
Engineering, Built Environment and Support Services sectors across the UK.
It was established in 1984 and has grown organically to become one of the UK's
leading technical and engineering recruitment specialists and one of the UK's 20
largest recruitment companies (Source: Recruitment International Top 100 Report
- August 2006).
Operating from a single site near Southampton, Matchtech provides predominantly
professionally-qualified candidates to clients in a broad range of industries
including oil and petrochemicals, marine, aerospace, automotive, water,
electronics, civil engineering, building structures and transport
infrastructure. It structures its business across three main sectors:
Engineering, Built Environment and Support Services.
Matchtech Group plc floated on AIM in October 2006.
This information is provided by RNS
The company news service from the London Stock Exchange
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