Trading update

RNS Number : 1119N

RTC Group PLC

21 October 2016

 

RTC Group plc

("RTC" or the "Company")

Trading update

RTC today announces that whilst trading in the first half of 2016 was in line with expectations, the second half has seen delays in the commencement of infrastructure projects that are impacting our trading. These delays have affected the short term performance of ATA, primarily in their permanent vertical market activities.

As a consequence of these delays, the results for the full year are expected to be lower than current market expectations.

The directors expect these infrastructure projects to commence in the near future and they remain confident in the overall future prospects of the business.

Ganymede continues to perform well and in line with expectations.

ENDS

Enquiries:

RTC Group plc Bill Douie, Executive Chairman Andy Pendlebury, CEO Sarah Dye, Group Finance Director

Tel: [phone]

WH Ireland (Nominated Adviser and Broker) Katy Mitchell

Tel: [phone]

About RTC

RTC has three principal trading subsidiaries engaged in the recruitment of human capital resources and the provision of managed services.

ATA provides engineering and technical recruitment consultancies. Supplying predominantly white and grey collar engineering and technical staff to a broad range of SME clients and vertical markets.

Ganymede is focussed on the supply and operation of blue collar contingent labour into safety critical markets.

Global Staffing Solutions predominantly provides managed service solutions for international clients.

www.rtcgroupplc.co.uk

 

END

 

 

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