AGM TRADING STATEMENT

RNS Number : 1644H

Staffline Group PLC

15 May 2014

 



For Immediate Release

15 May 2014

STAFFLINE GROUP PLC

("Staffline" or "the Group")

AGM TRADING STATEMENT

Staffline, the national outsourcing organisation providing people and operational expertise to industry, will hold the Group's Annual General Meeting at 10.00am this morning.

At the meeting Andy Hogarth, Chief Executive of the Group, will make the following statement on current trading:

"Firstly, I am pleased to report that the Group has traded well since the publication of the Preliminary Results in February and we continue to experience a strong demand from both new and existing customers.

Secondly, I'm delighted to announce the proposed acquisition of Avanta today which represents a new and exciting chapter in the ongoing development of our business.  In 2012 Stafflline announced a new five year growth plan aimed at broadening our market reach and increasing the scale of all of its divisions. This plan sought to capitalise on the Company's strong market presence in the blue collar recruitment, to further enhance our Welfare to Work platform and develop a number of new growth divisions. To date we have invested in Driving and Agriculture sectors, expanded into Ireland, diversified into permanent resourcing via our Select franchise operation and started to replicate the Company's Onsite model within the White Collar recruitment arena.  We continue to make good progress on all these fronts and the acquisition of Avanta is a significant step in further enhancing this growth plan.

Whilst it is still early in the current financial year, trading remains positive and the Board are confident the Group will meet market expectations for 2014."

For further information, please contact:

Staffline Group plc	0115 950 0885
Andy Hogarth Chief Executive	07931 175775
Phillip Ledgard, Finance Director	07432 554437
www.staffline.co.uk
Liberum Capital Limited
Chris Bowman/Richard Bootle	020 3100 2222
http://www.liberum.com/
Buchanan
Jeremy Garcia/Gabriella Clinkard	020 7466 5000

www.buchanan.uk.com

About Staffline

Staffline Group plc was historically a recruitment organisation specialising in food processing, manufacturing, e-retail, driving and logistics.  We provide and manage industrial workforces and use training and business improvement techniques to ensure increased levels of efficiency to give our clients a significant commercial advantage.  Our recruitment business now operates from well over 200 locations in the UK, Ireland and Poland, supplying up to 33,000 temporary workers each day. 

Our recruitment brands now include Select Appointments, providing white collar office staff and Staffline Express, providing blue collar staff, both High Street branch operations.   Staffline OnSite is based on clients' premises and also provides both Blue collar and White Collar temporary staff, Driving Plus providing HGV drivers, Staffline Agriculture provides workers to the UK farming and growing sectors, Resourcing Plus which offers cost effective permanent recruitment solutions.

Our other areas of operation include Elpis, a national training and consultancy organisation, OSP, a specialist volume recruitment call centre and EOS, which helps the long term unemployed back in to work through Government Welfare to Work contracts.  We expanded our training capabilities in 2013 with Learning plus, a technologically advanced e-learning platform designed to deliver extremely cost effective work based skills training.

 

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