RTC Group PLC Trading Update and Notice of Results (1823B)
February 09 2022 - 6:40AM
UK Regulatory
TIDMRTC
RNS Number : 1823B
RTC Group PLC
09 February 2022
Certain 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 ("MAR") as applied in
the United Kingdom. Upon publication of this Announcement, this
information is now considered to be in the public domain.
9 February 2022
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 2021.
As outlined in the interim announcement, results for the year
will reflect a period of lag in replacing revenue due to the
slowdown of activities caused by COVID and the withdrawal of NATO
troops from Afghanistan. In addition, 2020 revenue was bolstered by
a one-off contract performance obligation settlement of GBP590,000
which is not repeated in 2021.
During the year we were successful in securing a new long-term
contract with Network Rail, the mobilisation of which commenced in
Q4 2021.
The Group expects to announce its preliminary results on or
around 28 March 2022.
Bill Douie, Chairman, said:
"The performance of the Group in an extraordinarily challenging
year has been satisfactory and both the net debt and cash positions
are sound.
Whilst the trading environment during the second part of 2021
has continued to be difficult the 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.
I remain confident of our ability to deliver continued positive
results in 2022 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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