Information  X 
Enter a valid email address

EQ Group PLC (EQI)

  Print      Mail a friend

Friday 02 June, 2006

EQ Group PLC

Trading Statement

EQ Group PLC
02 June 2006


eq group plc (the 'Company')

Trading Statement

eq group plc is providing the following update on trading for the year to 31
December 2006.

In the AGM statement issued by the Company on 24 April 2006 we stated that a
number of key clients had changed the timing of their activities relative to
previous years.

It is now clear that these delays will have a significant impact on our
performance in the first half of the year and consequently we expect our results
for the full year to be significantly below market expectations. The clients
concerned have been undertaking major organisational change in the past three
months which has led to a considerable reduction in project activity that is
only now starting to reverse. We enjoy a very good relationship with these
organisations and expect to work closely with them in the second half of the
year.

In view of our performance in the first five months of the year we have removed
cost from the business but retained our project delivery capability in
anticipation of a return to activity levels in line with the second half of 
2005. We have also maintained our programme of investment in technology and 
expect to see improved efficiencies in 2007.

We will provide an update on progress when we announce our Interim Results in
September.

For further information, please contact:

Bob Bond, Chief Executive, eq group plc - 01422 301 917






                      This information is provided by RNS
            The company news service from the London Stock Exchange
                                                                                                                                                                                                                                     

a d v e r t i s e m e n t