MMC Management Consulting Group Plc

RNS Number:7101O
Management Consulting Group PLC
11 July 2005

             Trading Statement for the Six Months Ended 30 June 2005

Management Consulting Group PLC, the international management consultancy group,
issues the following trading update ahead of the announcement of its interim
results for the six months ended 30 June 2005.

At the Annual General Meeting on 26 April 2005 it was indicated that the
revenue for the first half of 2005 was expected to be in line with that of the
second half of last year. This remains the case. Turnover for the first half of
2005 is estimated to be #57 million compared with #56 million for the second
half of last year and #63 million for the corresponding period of 2004.

Both Proudfoot Consulting and Parson Consulting have delivered revenue in line 
with the second half of last year.  We have continued to see clients requesting 
help from Parson Consulting for services beyond Sarbanes-Oxley compliance in 
both the US and Europe and a pick up in Sarbanes-Oxley work in Europe.  In 
Proudfoot Consulting, we have won some larger than normal opportunities which 
have incurred  some higher than normal selling costs. These opportunities are
expected to have a longer tail of revenue than is typical.

As previously announced, we have opened Parson Consulting offices in Paris and
Sydney, and a Proudfoot Consulting office in China. Both the Sydney and the 
China offices have won clients. The Paris office, which was the last of the 
three offices to be opened, is progressing on schedule.

The first half profit is estimated to be in line with that of the second half of
last year, with the investment costs of opening offices being offset by a profit
arising from a prior period divestment of a business.

The order book at the half year has grown substantially since the beginning of
the year as a result of significant successes in new work generation in
Proudfoot Consulting.

The outlook for the full year remains in line with current market expectations.

The interim results for the six months ended 30 June 2005 will be announced on 8
August 2005.

For further information please contact:

Management Consulting Group PLC
Kevin Parry, Chief Executive                 020 7710 5000
Mark Currie, Finance Director

The Maitland Consultancy
Suzanne Bartch                               020 7379 5151
Peter Ogden

Notes To Editors
Management Consulting Group PLC comprises two consulting businesses: Proudfoot
Consulting and Parson Consulting.

Proudfoot Consulting is a specialist management consultancy which implements
sustainable operational improvements in sales, costs, overheads, major capital
expenditure projects and production output, typically at no net annualised cost
to its clients. Its clients include BP, National Australia Bank, Newmont Mining,
Nissan, PSA Peugeot-Citroen and Societe Generale.

Parson Consulting is a financial management consultancy that improves the
accuracy, speed and efficiency of finance and support functions free of auditing
conflicts of interest. Its clients include Avis, Citigroup, Ford, General Mills,
Kingfisher, Shell and Warner Bros.







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

END
TSTGLGDRBSBGGUB

Management Consulting (LSE:MMC)
Historical Stock Chart
From Jun 2024 to Jul 2024

Management Consulting (LSE:MMC)
Historical Stock Chart
From Jul 2023 to Jul 2024