Staffline Group PLC Customer Win (5260F)

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RNS Number : 5260F

Staffline Group PLC

22 March 2022

Staffline Group plc

("Staffline", the "Company" or the "Group")

Customer Win

New long term agreement secured with major automotive manufacturer

Staffline (AIM: STAF), the recruitment and training group, is pleased to announce that its Recruitment GB division has, subject to contract, successfully secured a long-term agreement with BMW Group (BMW, MINI and Rolls-Royce Motor Cars) to supply the flexible operational workforces and a number of specialist roles for its manufacturing sites in England.

It is anticipated that the contract will commence in Q2 2022 and BMW Group will become one of Staffline's top 5 clients. Management also believes that this contract, combined with the notable increases in demand that are evident across Staffline's core automotive and automotive supply chain services, will see the Group's activity within this segment return to pre-pandemic levels from H2 2022 onwards.

Albert Ellis, Chief Executive Officer of Staffline, commented:

"We are delighted to have secured such a strategically important contract for the Group, not just because we expect BMW to become a key customer, but also as it provides material evidence of resurgence in a sector which historically has been an important growth engine for our business."

"This win, alongside the strong pipeline of opportunities currently being pursued across the Group, is further evidence of our strategy to leverage our strengthened financial position and continue to expand our operational footprint to grow market share in action and underpins expectations for the year."

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

For further information, please contact:

 
 Staffline Group plc                                  via Vigo Consulting 
  www.stafflinegroupplc.co.uk 
  Albert Ellis, Chief Executive Officer 
  Daniel Quint, Chief Financial Officer 
 
 Liberum (Nominated Adviser and Broker) 
  www.liberum.com 
  Richard Lindley / William Hall / Christopher 
  Whitaker                                            020 3100 2222 
 
 Vigo Consulting ( Financial PR)                      020 7390 0230 
  www.vigoconsulting.com                               Staffline@vigoconsulting.com 
  Jeremy Garcia / Antonia Pollock / Kate Kilgallen

About Staffline

Providing workforce solutions

Staffline is the UK's market leading Recruitment and Training group. It has three divisions:

Recruitment GB

Staffline is a leading provider of flexible blue-collar workers, supplying c.33,000 staff per day on average from around 420 client sites, across a wide range of industries including agriculture, supermarkets, drinks, driving, food processing, logistics and manufacturing.

Recruitment Ireland

The Recruitment Ireland business is a leading end to end solutions provider operating across twenty industries, ten branch locations and ten onsite customer locations, supplying c.4,500 staff per day on average, and offering RPO, MSP, temporary and permanent solutions across the island of Ireland

PeoplePlus Division

PeoplePlus is leading skills and employability business with a clear purpose to help people transform their lives, get jobs and keep jobs, and develop their careers. The division works with employers to develop workforces of the future, and with central, local and devolved governments to support their economic and social policy agendas

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March 22, 2022 03:01 ET (07:01 GMT)

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