Staffline Recruitment Group plc
04 July 2006
For immediate release 4 July 2006
STAFFLINE RECRUITMENT GROUP PLC
('Staffline')
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 half year trading update for
the six months ended 30 June 2006.
Since the AGM trading update, announced on 25 May, Staffline has continued its
strong performance such that sales and profit for the first six months of the
year are, as anticipated, well ahead of the same period last year and are in
line with our expectations.
This performance has been driven primarily by our OnSite and industrial branch
divisions. Our OnSite division, which manages the temporary recruitment function
of its clients and represents approximately two thirds of Group turnover, has
successfully won OnSites with both new and existing clients resulting in a total
of 63 OnSites at 30 June 2006 compared to 42 at 30 June 2005 and 53 at 31
December 2005. Our industrial branch division has continued to perform well
across the entire network, whilst it also continues to incubate new OnSites.
We announced on 25 May a significant contract won with a major producer of fast
moving consumer goods (FMCG). The contract is now being implemented, with
Staffline already providing all temporary recruitment services to four of six
intended production sites.
In May 2006, Staffline became the first of the major labour providers operating
in the food production and associated sectors to have successfully gained a
licence from the Gangmasters Licensing Authority. Since that time, we have been
encouraged by the level of interest received from potential clients as a result
of our licensed status.
Commenting on outlook, Andy Hogarth, Staffline's Managing Director, said:
'In light of the performance in the first six months of the year, the OnSites
successfully won to date and a good pipeline of OnSite opportunities, we are
confident of continued progress in the second half of the year and of our
prospects for the year as a whole. As it is still early in the financial year,
our outlook for the year as a whole remains unchanged.'
Staffline intends to issue its interim results for the six months ended
30 June 2006 on Wednesday, 6 September 2006 at which time a further update on
current trading will be provided.
- 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
Smithfield 020 7360 4900
Katie Hunt / Reg Hoare 07884 494112
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 63 OnSite locations nationwide and also has a network of
17 industrial branches. In addition, the Group has a smaller but growing
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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