REG-Matchtech Group PLC Trading Stmnt & Board Changes

Released : 26/01/07 07:00

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RNS Number:1630Q 
Matchtech Group PLC 
26 January 2007 
 
 
 
 
26 January 2007 
 
                   Pre Close Trading Update and Board Changes 
 
 
Matchtech Group plc, one of the UK's leading technical recruitment companies, 
will announce its interim results on 25 April 2007. Ahead of this, the Company 
today announces a trading update, together with details of a change in the roles 
and responsibilities of two of its Directors. 
 
 
Trading 
 
The Board is pleased to announce that trading continues to be strong across all 
three of Matchtech's operating sectors, Engineering, Built Environment and 
Support Services. Net Fee Income ("NFI") in the first five months was over 28% 
ahead of the same period last year. Market conditions remain strong and there 
are good growth opportunities open to the Company. This gives the Board 
confidence in Matchtech's prospects for the full year. 
 
 
Board Change 
 
Adrian Gunn, currently Deputy Managing Director and Sales Director, is to take 
over the position of Group Managing Director with effect from 1 February 2007. 
Adrian takes over from Paul Raine, who remains on the Board as Resources 
Director, with responsibility for IT, operations, marketing and legal. 
 
George Materna, Chairman of Matchtech, commented: 
 
"I am pleased to report that we have made a strong start to our life as a 
publicly listed company and that trading continues to be strong across the 
business. 
 
"I am also pleased to announce Adrian's appointment as Group Managing Director. 
Adrian knows Matchtech inside out, having joined as a consultant in 1988. He has 
been a member of the senior management team for the past nine years and on the 
Board since 2004. 
 
"Adrian takes over the day-to-day leadership of the Company from Paul Raine, who 
is seeking a different role within Matchtech for personal reasons. This 
represents a smooth transition of management roles, with the established core 
executive team of Adrian, Paul and Tony Dyer remaining in place. Matchtech is in 
very good shape and has a very experienced management team with the ambition and 
drive to take the business forward." 
 
 
 
For further information please contact: 
 
Matchtech Group plc                                               01489 898989 
George Materna, Chairman 
 
Hogarth Partnership (for Matchtech)                              020 7357 9477 
John Olsen / James Longfield / Fiona Noblet 
 
 
Background on Matchtech 
 
Matchtech specialises in the provision of contract and permanent staff in the 
Engineering, Built Environment and Support Services sectors across the UK. 
 
It was established in 1984 and has grown organically to become the UK's 4th 
largest technical and engineering recruitment specialist and one of the UK's 20 
largest recruitment companies (Source: Recruitment International Top 100 Report 
- August 2006). 
 
Operating from a single site near Southampton, Matchtech provides predominantly 
professionally-qualified candidates to clients in a broad range of industries 
including oil and petrochemicals, marine, aerospace, water, electronics, civil 
engineering, building structures and transport infrastructure. It structures its 
business across three main sectors: Engineering, Built Environment and Support 
Services. 
 
Matchtech Group plc floated on AIM in October 2006. 
 
 
 
 
 
                      This information is provided by RNS 
            The company news service from the London Stock Exchange 
 
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