Awarded new contract by Primark

RNS Number : 5211I

Parity Group PLC

22 March 2018

 

22 March 2018

Parity Group plc ("Parity "or the "Group")

Parity Professionals awarded new Managed Service Contract by Primark

Parity Consultancy Services has secured Contract Extensions with MoD, BAT and ESFA

This announcement contains information which, prior to its disclosure by this announcement, was inside information for the purposes of the Market Abuse Regulation

Parity is pleased to announce the award of a recruitment Managed Service contract with Primark Stores Limited, which commenced on 21 March 2018, under which Parity Professionals will provide all of their contract and interim IT staff.

Primark Stores Limited is a global fashion retailer, part of the ABF Group, and is undertaking rapid expansion in overseas markets. Operating over 320 stores across Europe and America has required significant investment in the redevelopment of their IT systems from their offices in the UK and Ireland, necessitating the need for a supplier who can deliver to the increased demands placed on the Primark IT team.

Alongside this new client award, we have also secured key contract extensions for Parity Consultancy Services, completed post-period end, with the MoD in relation to  Military Capability Output Costing System (MCOCS), British American Tobacco (BAT), and the Education and Skills Funding Agency (ESFA).

These awards provide encouraging visibility of the order book, helping to underwrite expectations for Group growth with a total opportunity of £5.3m in the year for Parity Consultancy Services, and estimated revenues in the region of £20-25m over a 3 year period for Parity Professionals.

Alan Rommel, CEO, commented:

"I am delighted with Primark's decision to choose Parity as their Managed Service Partner for IT Resources.

These awards, completed so far in 2018, demonstrate the flexibility and quality of our service, and create a fantastic platform for growth in both our staffing and consultancy businesses through the remainder of 2018 and beyond."

Andy Foskett, Managing Director of Parity Professionals, commented:

I am extremely pleased with this positive step for Parity Professionals, partnering with such a well-established brand during this exciting period of expansion. Primark is a welcome addition to recent awards in the Private and Public Sector, adding to our success on the CCS Digital Outcomes and Specialists and Scottish Government DPS frameworks.

Notice of Results:

Final results for the year ended 31 December 2017 are expected to be released on 10 April 2018.

Contacts:

Parity Group PLC                                                                                     www.parity.net

Alan Rommel, CEO                                                                       + 44 (0) 208 543 5353

Roger Antony, GFD

WH Ireland Limited                                                                  www.whirelandcb.com

Mike Coe / Ed Allsopp                                                                  [phone]

MHP Communications                                                                     [e-mail]

Katie Hunt / Kelsey Traynor                                                        [phone]

 

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