Staffline Recruitment Group plc
06 July 2005
For immediate release 6 July 2005
Staffline RECRUITMENT GROUP PLC
Half Year Trading Update
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 2005.
The Board is pleased to report that Staffline's overall performance is ahead of
last year and in line with its expectations for the first half. On current
trends, the Board is also confident that full year expectations are
achievable given the expansion of its OnSite business, subject to customers'
continued demand for temporary staff against the current economic background.
Staffline has continued to perform well benefiting from the contribution from
the additional OnSite locations that have come on stream compared to the same
period last year. The new OnSites added in the year to date are all performing
to plan, and we continue to see momentum in our pipeline of OnSite prospects
to provide encouragement for the remainder of the year. The number of OnSites
as at 30 June 2005 stood at 46 compared to 35 at the year end.
Staffline intends to issue its interim results for the six months ended 30 June
2005 on Tuesday 6 September 2005 at which time a further update on current
trading will be provided.
Commenting on the trading update, Andy Hogarth, Staffline's Managing Director,
said:
'Staffline's first half performance has been in line with expectations and we
remain confident that we will make continued progress in the year as whole.'
- Ends -
For further information, please contact: www.staffline.co.uk
Staffline Recruitment Group plc 0115 950 0885
Andy Hogarth, Managing Director
Smithfield 020 7360 4900
Reg Hoare / Sarah Richardson
Note to Editors:
Staffline Recruitment Group plc's main business is as a specialist supplier
of 'blue collar' temporary and contract staff to industry through a network
of 17 branches and 46 OnSite locations nationwide. The Group also has a smaller
but growing division called Techsearch which specialising in temporary and
permanent placements in the engineering and FMCG sectors 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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