Staffline Recruitment Group plc
02 July 2007
For immediate release 2 July 2007
STAFFLINE RECRUITMENT GROUP PLC
('Staffline' or 'the Group')
Half Year Trading Update
Notice of Results
Staffline Recruitment Group plc, a leading provider of recruitment and
outsourced HR services to industry, today issues a trading update for the six
months ended 30 June 2007, ahead of its interim results for the period which it
expects to announce on 3 September 2007.
Growth has continued in line with plan and accordingly the Board anticipates
that the Group's sales and profits for the half year will be in line with its
expectations.
During the half year the Group's OnSite division, which manages the temporary
recruitment function of its clients and represents over 70% of Group turnover,
has successfully won OnSites with both new and existing clients. This has
resulted in a net increase of 8 locations to a total of 75 as at 30 June 2007.
The new OnSites added during the period are performing in line with or ahead of
management's expectations. Our industrial branch division has continued to
perform well across the entire network, whilst it also continues to incubate new
OnSites.
Integration of our recent acquisition, On Site Partnership ('OSP'), is
progressing ahead of initial expectations, with a number of existing OSP sites
having been rationalised into Staffline OnSites. This has resulted in a net
addition of 12 further locations, giving Staffline a total number of 87 OnSites
as at 30 June 2007.
Commenting, Andy Hogarth, Staffline's Managing Director, said:
'During the first half Staffline has again delivered growth in line with
expectations. Integration of the recent acquisition of On Site Partnership,
announced on 19 March, is proceeding ahead of target and we also have an
excellent pipeline of business confirmed for the current quarter. We therefore
remain very confident in the outlook for the current financial year.'
- Ends -
For further information, please contact: www.staffline.co.uk
---------------------
Staffline Recruitment Group plc 0115 950 0885
Andy Hogarth, Managing Director 07931 175775
Carole Harvey, Finance Director 07904 262132
Oriel Securities Limited
Natalie Fortescue 020 7710 7615
Smithfield
Miranda Good / Reg Hoare 020 7360 4900
About Staffline
Staffline Recruitment Group plc's main business is as a specialist supplier of
'blue collar' temporary and contract staff to industry. It provides a fully
outsourced service, managing the temporary recruitment function of its clients
on their premises, at 87 OnSite locations nationwide and also has a network of
17 industrial branches. In addition, the Group has a smaller division called
Techsearch which specialises in temporary and permanent engineering, IT, HR and
FMCG placements and operates from 4 branches. The Group, which is managed from a
head office in Nottingham, was founded in 1986 and was admitted to AIM in
December 2004 (Ticker: STAF.L).
This information is provided by RNS
The company news service from the London Stock Exchange
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