AGM Statement

RNS Number : 0084X

Matchtech Group PLC

14 November 2014

 

14 November 2014

Matchtech Group PLC

AGM Statement

Brian Wilkinson, Executive Chairman of Matchtech Group plc, will deliver the following trading update at the Group's Annual General Meeting to be held at noon today:

"On behalf of the Board I am pleased to give the following trading update. Net Fee Income ("NFI") in the first three months of FY 2015 to 31 October 2014 compared to the same period in the prior year was up 3% (Contract up 2%, Permanent up 7%). As stated in our Preliminary Results, issued on 14 October 2014, strong demand continues in the UK and worldwide for skilled engineers. The Group is ideally placed to benefit from this demand due to our niche focus within Engineering and Technology, market leading position and balanced business model of Contract and Permanent recruitment."

"We have invested to accelerate growth in our Engineering business through increased consultant headcount. We will monitor the return on this investment throughout the year and adjust accordingly."

"The Board is confident that the outlook for FY2015 remains in line with its previous expectations."

For further information please contact:

Matchtech Group plc	[phone]
Brian Wilkinson, Chairman
Adrian Gunn, Chief Executive Officer
Tony Dyer, Chief Financial Officer
Newgate Threadneedle - Financial PR	[phone]
John Coles /Hilary Buchanan / Edward Treadwell
Numis Securities Limited
Michael Meade (NOMAD) / James Serjeant	[phone]

 

END

 

 

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