Trading Statement

RNS Number : 8898R

Parity Group PLC

15 December 2016

 

Parity Group PLC

15 December 2016

Parity Group plc ("Parity "or the "Group")

Trading Update

Parity (AIM:PTY), the UK information and technology services group announces the following pre-closing trading update.

The Board is pleased to report that the Group's momentum, detailed in the interim results announced on 8 September 2016, has continued and that it now expects EBITDA* for the year ending 31 December 2016 to be slightly ahead of its original expectations.

The Group has benefitted from increased internal collaboration to support growth in the higher margin Consultancy Services division, which has driven profit improvement and cash generation.

The Board looks forward to 2017 and continues to be focused upon improving shareholder value.

*EBITDA is before share-based payments and non-recurring items

Enquiries:

Parity Group PLC

Alan Rommel CEO

Roger Antony GFD                                                                                          0208 543 5353

MHP Communications

Kelsey Traynor                                                                                                020 3128 8100

Investec Bank PLC

Andrew Pinder

Patrick Robb

Dominic Emery                                                                                              020 7597 5970

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