RTC Group PLC Trading update and notice of results (6083M)

TIDMRTC

RNS Number : 6083M

RTC Group PLC

22 January 2021

RTC Group plc

("RTC" or the "Group")

Trading update and notice of results

The Board of RTC is pleased to provide a trading update for its financial year ended 31 December 2020. The Board anticipates that the results for the year will outline that, despite lower trading levels compared to the prior financial year, RTC will record a profit in a year heavily impacted by the Covid-19 pandemic. The Group expects to announce its preliminary results on or around 22 February 2021.

Bill Douie, Chairman, said:

"The performance of the Group in an extraordinarily challenging year has been satisfactory and both the net debt and cash position is sound.

The trading environment during the second part of 2020 has continued to be extremely difficult but our Group as a whole has remained profitable.

I believe our results are a clear endorsement of the strategic path being followed by the Group and I am gratefully impressed by the diligence and determination of management at all levels in overcoming continued external challenges.

In spite of the difficult economic environment, I remain cautiously confident of our ability to deliver continued positive results in 2021 in all areas of our business."

Ends

Enquiries:

 
  RTC Group plc 
   Bill Douie, Executive Chairman 
   Andy Pendlebury, CEO                                   Tel: 01332 861 
   Sarah Dye, Group Finance Director                      844 
  SPARK Advisory Partners Limited (Nominated Adviser)   Tel: 0203 368 
   Matt Davis / Mark Brady                               3550 
   www.Sparkadvisorypartners.com 
 
   Panmure Gordon (Broker)                                Tel: 020 7886 
   Nick Lovering                                          2500 
   www.panmure.com

About RTC

RTC Group Plc is an AIM listed recruitment business that focuses on white and blue-collar recruitment, providing temporary and permanent labour to a broad range of industries and customers in both domestic and international markets through its geographically defined operating divisions.

UK division

Through its Ganymede and ATA Recruitment brands the Group provides a wide range of recruitment services in the UK.

Ganymede specialise in recruiting the best technical and engineering talent and providing complete workforce solutions to help build and maintain infrastructure and transportation for a wide range of UK and international clients. Ganymede is a market leader in providing a diverse range of people solutions to the rail, energy, construction, highways and transportation sectors. With offices strategically located across the country, Ganymede provides its clients with the benefit of a national network of skilled personnel combined with local expertise.

ATA Recruitment provide high-quality technical recruitment solutions to the manufacturing, engineering and technology sectors. Working as an engineering recruitment partner supporting businesses across the UK and Europe, ATA Recruitment has a strong track record of attracting and recruiting the best engineering talent for our clients. ATA's regional offices which are strategically located in Leicester and Leeds each have dedicated market-experts to ensure ATA delivers excellence to both our clients and candidates.

International division

Through its GSS brand the Group works with customers across the globe that are focused on delivering projects in a variety of engineering sectors. GSS has a track record of delivery in some of the world's most hostile locations. Working closely with its customers GSS provides contract and permanent staffing solutions on an international basis, providing key personnel into new projects and supporting ongoing large-scale project staffing needs. GSS typically recruit across a range of disciplines and skills from operators and supervisors, through to senior management level.

The Group headquarters are located at the Derby Conference Centre which also provides office accommodation for its operating divisions in addition to generating rental and conferencing income from space not utilised by the Group.

www.rtcgroupplc.co.uk

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