9 January 2003
TRADING UPDATE
Hays plc will announce its interim results on 4 March and today issues the following trading update.
Group pre-tax profit before exceptional items and goodwill amortisation for the first half and the full year to 30 June
2003 is expected overall to be in line with our previous guidance.
Hays Personnel continues to perform well compared with many other staffing businesses and trading in the first half of
the year is slightly ahead of our expectations. There has been no material change in month-on-month performance since
the last update.
We were pleased to be awarded a long term licence by Postcomm on 23 December. The award of the licence provides Hays
with the opportunity to address new markets over the medium term but does not affect our expectations for Mail and
Express for the current financial year.
Trading in the Commercial division remains difficult. The archive storage and offshore processing businesses remain on
track. However, continuing poor volumes and pricing pressure in the contact centre operations will leave the division
below our expectations.
The results for Logistics are expected to be in line with our expectations.
The review of Group strategy announced at the Annual General Meeting is progressing well and we will provide an update,
as previously announced, in March.
-ends-
Enquiries:
Colin Matthews Chief Executive Officer +44 (0)1483 302203
Hays plc
Jon Coles Brunswick +44 (0)20 7404 5959
Conference call:
Colin Matthews of Hays plc will conduct a conference call for analysts and investors at
11:00 am UK time on 9 January 2003. The dial-in details are as follows:
Call in number: +44 (0) 20 7162 0125
Password: Hays / Colin Matthews
The call will be recorded and available for playback for 10 working days as follows:
UK/European replay dial-in number: +44 (0) 20 8288 4459
UK Freephone number: 0500 637 880
UK/European access code: 476422
USA dial-in number: +1334 323 6222
USA access code: 476422
The Instant Replay will be available until 19 January 2003.
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