TIDMSTAF
RNS Number : 9833J
Staffline Group PLC
04 July 2017
For immediate release 4 July 2017
Staffline Group plc
('Staffline' or 'the Group')
Interim Pre-Close Trading Update
Staffline (AIM: STAF), the Staffing and Employability
organisation, is pleased to provide the following update on trading
for the six months ended 30 June 2017.
As noted at the Group's Annual General Meeting on 18(th) May
2017, the Staffing division has continued to perform well with
strong demand for its services from both new and existing
customers. The number of OnSites continues to grow. We are still
seeing no change in demand following the EU Referendum Vote and the
Group continues to source record numbers of workers to supply this
demand. In PeoplePlus, the Group's Employability, Training and
Skills division, we are seeing the benefits of the reorganisation
of the division in 2016. The new business pipeline remains strong
and we continue to bid for and win new contracts.
As a result, we are pleased to confirm that current trading is
in line with market expectations and the Board remains confident of
the Group's growth prospects with the "Burst the Billion" GBP1
billion revenue target still very much on track for the current
year.
The Board looks forward to providing a further update at the
time of the June 2017 Interim Results, which will be announced on
Wednesday 26 July 2017.
A presentation for analysts will be held at 9.30am on Wednesday
26 July 2017 at the offices of Buchanan, 107 Cheapside, London EC2V
6DN. A presentation for private and retail investors will also be
held on Wednesday 26 July 2017, starting at 12.00pm at the offices
of Buchanan, 107 Cheapside, EC2V 6DN. Admittance is strictly
limited to those who register their attendance in advance of the
event. To register for the event, please contact Buchanan on 020
7466 5000 or staffline@buchanan.uk.com.
The Group expects to provide a final pre-close trading update on
Wednesday 3 January 2018.
This announcement is released by Staffline Group plc and
contains inside information for the purposes of the Market Abuse
Regulation (EU) 596/2014 ("MAR") and is disclosed in accordance
with the Company's obligations under Article 17 of MAR. The person
who arranged for the release of this announcement on behalf of
Staffline Group plc was Chris Pullen, Group Chief Financial
Officer.
For further information, please
contact:
Staffline Group plc
Andy Hogarth, Chief Executive 07931 175775
Chris Pullen, Group Chief
Financial Officer 07786 265344
www.staffline.co.uk
Liberum Capital Limited: NOMAD
and Joint Broker
Steve Pearce / Richard Bootle
www.liberum.com 020 3100 2222
Berenberg: Joint Broker
Chris Bowman / Marie Stolberg
www.berenberg.com 020 3465 2722
Buchanan: Public Relations
Richard Oldworth / Jamie Hooper
/ Madeleine Seacombe
www.buchanan.uk.com 020 7466 5000
About Staffline
Staffline is a leading outsourcing organisation providing
services, mainly in the UK, to both Government and commercial
customers. The Staffing division supplies up to 51,000 workers per
day to more than 1,500 clients. Using the skills we have developed
and learned within Staffing we have developed a second division,
PeoplePlus, and have become a leading provider to both Central and
Local Government, offering a wide range of services to help and
support in the Employability (Welfare to Work), Communities and
Skills arenas.
Staffing Services
Specialising in providing complete labour solutions in
agriculture, food processing, manufacturing, e-retail, driving and
the logistics sectors, the recruitment business operates from over
350 locations in the UK, Eire and Poland.
The Staffing brands include:
-- Staffline OnSite, based on clients' premises and providing
both blue and white collar, out-sourced, temporary workforces
-- Driving Plus, providing HGV drivers to the driving industry
-- Staffline Agriculture, providing workers to the UK farming and horticulture sectors
-- Staffline Express, a high street branch based operation
-- Select Appointments, a high street branch-based operation
providing white collar office staff, operated entirely on a
franchised basis by independent business owners
-- Brightwork, a recruitment business based in Scotland
specialising in temporary and permanent jobs to the drinks
industry
PeoplePlus (previously Employability)
Trading under the PeoplePlus brand, Government contracts
include:
-- Work Programme, prime contractor in nine regions and
sub-contractor in three regions in England
-- New Enterprise Allowance (business start-up support), prime
contractor in three regions (England) and a sub-contractor in
Wales
-- Steps to Success, prime contractor in Northern Ireland
-- Youth Guarantee (MyGo Centre), supporting youth employment in the Ipswich area
-- Youth Promise Plus, supporting youth employment in Birmingham
-- Youth Employment Gateway, supporting youth employment in the Wirral
-- Building Employment through Education, working in Schools in Northern Ireland
Training services:
-- Skillspoint, a procurement consultancy specialising in
helping employers benefit from government-funded, work-based
training
-- Prime contractor to the Education and Skills Funding Agency,
Welsh Government and Skills Development Scotland, delivering
Apprenticeships and Adult Education across the UK.
Community services:
-- Ministry of Justice, Transforming Rehabilitation in
Warwickshire and West Mercia, helping to transform rehabilitation
and probation services
-- OLASS, delivery of training to prisoners in nine prisons in the East of England
-- Independent Living Services, supporting 3,500 disabled people lead independent lives
-- Visitor Centers for the Northern Ireland Prison Service
-- Careers Hubs in Stoke and Staffordshire
This information is provided by RNS
The company news service from the London Stock Exchange
END
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