Parity Group PLC
07 January 2008
7 January 2008
Parity Group PLC
Pre-Close Trading Update
Trading in the second half of 2007 has been in line with our expectations, with
the mix of revenue and profit continuing to evolve as anticipated as we
responded to the changing market and opportunities.
Since we have relatively limited exposure to the financial services industry,
volatility there has not materially impacted our performance.
So far we have seen minimal impact on our business from the forecast economic
slow-down. Whilst we are seeing some limited signs of increased pressure on
lower margin activities and some client caution, since the latter part of 2007
we have been managing the business in the expectation of a tougher business
climate while continuing the shift to more business critical and higher margin
activities and maintaining tight cost control.
For the coming year we target continued recovery and further operational
improvement.
ENDS
Enquiries:
Parity Group PLC 0845 873 6942
Alwyn Welch, Chief Executive Officer
Ian Ketchin, Finance Director
The Hogarth Partnership 020 7357 9477
John Olsen/Sarah Richardson
Notes to editors:
About Parity Group PLC
Parity Group PLC is a UK-focused IT and Business services company, operating via
three core business units - Parity Resources, Parity Solutions and Parity
Training.
Parity Resources is a leading IT recruitment specialist, with over 30 years
experience in providing permanent and contract technology staff, temporary staff
and managed recruitment services across all markets.
Parity Solutions specialises in providing IT, Projects and Consulting, using
leading edge technologies and drawing upon the depth of experience of its
consultants in Programme and Project Management.
Parity Training is one of the UK's leading Management and IT training providers.
In addition to a comprehensive schedule of public courses, Parity delivers
tailored learning solutions and customised programmes for major clients.
Parity is listed on the London Stock Exchange, with a ticker of PTY.LN.
This information is provided by RNS
The company news service from the London Stock Exchange
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