Tribal Group PLC
30 April 2008
Tribal Group plc
30 April 2008
Tribal Group plc
Interim Management Statement for the three months to 31 March 2008
Tribal Group plc ('Tribal' or the 'Group'), a leading provider of consultancy,
support and delivery services to the UK public sector, provides the following
update on trading in the quarter to 31 March 2008.
Peter Martin, Tribal's Chief Executive, said:
'Trading in the first three months of the year has been encouraging and our
financial performance is in line with our expectations. As a result, we expect
profit before tax and earnings per share in the first six months of the year to
be significantly ahead of the corresponding period last year.
Cash flow was strong during the three month period and Tribal's net debt at 31
March 2008 was £2.4m.
We have enjoyed a good level of contract wins since the start of the year and
our order book and pipeline remain healthy. We are shortlisted on a number of
significant healthcare design projects. We have also recently gained new
contracts worth over £5m from the Learning and Skills Council to help people
improve their skills and secure employment. Demand for our services has been
good in all of our markets.
We continue to strengthen the senior management team across the Group and we are
pleased to announce the appointment of Andy Field as Chief Operating Officer.
Andy joins Tribal from Fujitsu where he was responsible for leading their civil
government business.
We continue to review a number of acquisition opportunities that would
strengthen and complement our existing capabilities and that meet our financial
criteria.'
End
For further information, please
contact:
Tribal Group plc Telephone: 020 7323 7110
Peter Martin, Chief Executive
Simon Lawton, Group Finance Director
Maitland Telephone: 020 7379 5151
Colin Browne
Anthony Silverman
Editors' note:
Tribal provides a range of consultancy, support and delivery services focused on
improving the delivery of public services in the UK. Our core markets are in
education, health, housing and regeneration, central government and local
government. Tribal employs approximately 2,000 staff and its shares are quoted
on the London Stock Exchange (TRB).
Links: Tribal Group plc website: www.tribalgroup.co.uk
This Statement has been prepared for and is addressed only to our shareholders
as a whole and should not be relied on by any other party or for any other
purpose. Tribal, its directors, employees, agents or advisers do not accept or
assume responsibility to any other person to whom this Statement is shown or
into whose hands it may come and any such responsibility or liability is
expressly disclaimed.
This Statement may contain forward-looking statements. Any forward-looking
statement has been made by the directors in good faith based on the information
available to them up to the time of approval of this Statement and should be
treated with caution due to the inherent uncertainties, including both economic
and business risk factors, underlying such forward-looking information. To the
extent that this Statement contains any statement dealing with any time after
the date of its preparation, such statement is merely predictive and speculative
as it relates to events and circumstances which are yet to occur and therefore
the facts stated and views expressed may change. Tribal undertakes no obligation
to update these forward-looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
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