Staffline Recruitment Group plc
08 January 2007
For immediate release 8 January 2007
STAFFLINE RECRUITMENT GROUP PLC
('Staffline' or 'the Group')
Year End Trading Update
Notice of Results
Staffline Recruitment Group plc, a leading provider of recruitment and
outsourced HR services to industry, today issues a trading update for its
financial year ended 31 December 2006, ahead of its preliminary results for the
period which it expects to announce on 19 March 2007.
The Board anticipates that the Group's sales and profits for the full year will
be in line with its expectations and significantly ahead of last year, driven
primarily by the Group's OnSite and industrial branch divisions.
During the year the Group's OnSite division, which manages the temporary
recruitment function of its clients and represents over 70% of Group turnover,
has successfully won OnSites with both new and existing clients resulting in a
net increase of 14 locations to a total of 67 as at 31 December 2006. The new
OnSites added during the year are performing in line with, or ahead of,
management's expectations. Our industrial branch division has performed strongly
and we hope to announce two further branch openings shortly together with
additional new OnSite locations.
Commenting, Andy Hogarth, Staffline's Managing Director, said:
'Staffline has delivered substantial growth compared to 2005, in line with
expectations, and has a good pipeline of OnSite opportunities. We therefore
remain confident of making continued progress in the current year and
thereafter.'
- 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
Miranda Good / Reg Hoare 07920 087968
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 67 OnSite locations nationwide and also has a network of
16 industrial branches. In addition, the Group has a smaller 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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