CMG Croma Grp

RNS No 3822e
CMG PLC
18 May 1999


CMG reports continued strong demand for services in 1999

Speaking at the Annual General Meeting in London today,
Chairman Cor Stutterheim said:

   "Based on trading for the first four months, we
   remain very positive about growth and performance in
   1999.  Demand in the countries and markets we
   address continues to be strong, driven by our
   customers' desire to enhance their competitive
   positioning, re-engineer their business processes
   and introduce new client relationship models.

   "Despite repeated speculation in the markets and
   some evidence from other parts of the IT sector, we
   continue to see little slowdown or budget
   displacement as a result of the millennium issue in
   the large organisations with which we work.  While
   new project work and system enhancements are
   unlikely to be moved from their development
   environments to 'live' operation in the months
   immediately either side of January 1st, we do not
   expect this general prudence to impact income
   streams from CMG operations. We are now working on a
   significant number of projects in areas such as
   Customer Relationship Management and knowledge
   management that will be in high demand in the early
   years of the next century.
   
   "We are still taking on quality people in all our
   territories and while recruitment markets have
   generally eased a little as the primary Year 2000
   demand peak passes, recruiting experienced people
   and those skilled in newer technologies remains
   challenging.  Because of our reputation, we are able
   to attract talented individuals and the overall
   number of people employed at CMG is now 7,900.
   
   "Since the 1998 results announcement in March, we
   have made a further acquisition, Softguide, which
   has doubled the size of our presence in Belgium and
   brought to CMG another 100 people of high repute and
   with well-established client relationships.  Our
   other recent acquisitions are being integrated
   within CMG and are contributing in line with
   expectations.
   
   "We continue to believe that the combination of
   strong organic growth coupled with incremental
   acquisitions where the people, culture and client
   fit is good, is a sound strategy.  We are confident
   that our 35th year of operation will be one of
   exciting opportunities and continued growth."
   
For further information please contact:
   
Cor Stutterheim, Chairman, CMG plc
Tel: +31 (0) 20 67 20 444
Chris Banks, Finance Director, CMG plc
Tel: +44 (0) 171 592 4000
Tony Richards, Group Communications Manager, CMG plc
Tel: +44 (0) 171 592 4000
Jan Massier, Group Communications (Amsterdam), CMG B.V.
Tel: +31 (0) 20 67 20 444
Toby Mountford, Citigate Dewe Rogerson
Tel: +44 (0) 171 638 9571

END

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