Trading Update

RNS Number : 3577N

RTC Group PLC

29 January 2016

 

RTC Group plc

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

Trading update and notice of results

The Board of RTC (AIM: RTC.L) is pleased to provide a positive trading update for its financial year ended 31 December 2015, advising that it is trading in line with current market expectations.

In terms of our Group businesses, this positive news reflects:

·     the successful mobilisation of the five year Network Rail contract entered into by Ganymede in April with revenues building to target levels and with all costs of mobilisation fully charged in the year;

·     a very strong performance from ATA with efficiency continuing to improve through consultant training, continual process improvement and technology enhancements;

·     continual, albeit reduced revenues from GSS with new long term international opportunities yet to be crystalised; and

·     The Derby Conference Centre exceeding management expectations for the year in a highly competitive local market.

The Group expects to announce its preliminary results on 7 March 2016.

Andy Pendlebury, CEO, said:

"These positive results show that the strategy established by the Group Board to grow the business is making solid progress and I believe we now have a sound platform for long term sustainable growth."

Enquiries:

RTC Group plc Bill Douie, Executive Chairman Andy Pendlebury, CEO Sarah Dye, Group Finance Director

Tel:  [phone] Tel:  [phone]

WH Ireland (Nominated Adviser and Broker) Katy Mitchell / Liam Gribben

Tel  [phone]

About RTC

RTC has three principal trading subsidiaries engaged in the recruitment of human capital resources and the provision of managed services.

ATA is one of the UK's leading engineering and technical recruitment consultancies. Supplying white and blue collar engineering and technical staff to a broad range of SME clients and vertical markets.

Ganymede is focussed on the supply and operation of blue collar contingent labour into safety critical markets.

GSS predominantly provides managed service solutions for international clients.

The Derby Conference Centre provides accommodation for the Group and hotel and conferencing facilities for local businesses.

www.rtcgroupplc.co.uk

 

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