Trading Update

RNS Number : 1649J

Parity Group PLC

16 December 2015

 



16 December 2015

Parity Group plc ("Parity "or the "Group")

Trading Update

Parity (AIM:PTY), the UK recruitment, people development and information technology services group, announces the following pre-closing trading update.

The Board is pleased to report that trading to date has been in line with its expectations, as a result of which its expectations for EBITDA* for the year ending 31 December 2015 are unchanged.

As set out in recent announcements, the strategy for the Group is now to focus on its core UK recruitment and IT Services Business. In line with this strategy the Group has, as previously announced, already implemented a £1 million ongoing cost-saving programme.

The re-organisation provides clear focus on our established and profitable services which maximize the effectiveness of people, processes and systems within our clients' organisations.

The Board is firmly focused on driving profitability and shareholder value and looks forward to 2016 with confidence.

*EBITDA is before share-based payments and non-recurring items

Enquiries:

Parity Group PLC

Alan Rommel CEO

Mike Aspinall FD                                                                                             0208 543 5353

MHP Communications

John Olsen                                                                                                       020 3128 8100

Investec Bank PLC

Andrew Pinder

Patrick Robb

Dominic Emery                                                                                                 020 7597 5970

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