Trading Update & Notice of Results

RNS Number : 1050Y

RTC Group PLC

21 January 2014

 



21 January 2014

RTC Group plc

("RTC", or the "Company" or the "Group")

Trading update and notice of results

The Board of RTC (AIM: RTC.L), a provider of recruitment services in both the UK and international markets, is pleased to announce a positive trading update in advance of releasing its audited final results for the year ended 31 December 2013,  which are expected to be announced on 19 March 2014.

The final results for the financial year to 31 December 2013 are expected to show a material improvement in profit before tax against market expectations, reflecting:

·     Group revenue broadly in line with market expectations;

·     a marked improvement in gross margins achieved; and

·     efficiencies in administrative expenses.

In terms of the Group's key recruitment businesses, this positive news reflects:

·     a much improved performance from ATA Recruitment in the second half of the year, proving the successful implementation of the restructuring in the first half;

·     strong growth in sales, ahead of management's expectations, in Ganymede Solutions; and

·     a solid performance, in line with management's expectations, from ATA Global Staffing Solutions.

Andy Pendlebury, CEO, said:

"I am delighted the Company can provide this trading update. The economic conditions in many of our markets remain challenging and competition is fierce, but we continue to drive growth through our strong brands, our people and attention to excellent service and quality."

Enquiries:

RTC Group plc Bill Douie, Executive Chairman Andy Pendlebury, CEO Sarah Dye, Group Finance Director	Tel:  [phone]
Allenby Capital Limited (Nominated Adviser and Broker) Jeremy Porter Mark Connelly	Tel  [phone]

 

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