RNS Number : 8166C
Matchtech Group PLC
20 November 2009
20 November 2009
Matchtech Group plc
The Chairman of Matchtech Group plc (the "Group"), one of the UK's leading
specialist technical recruitment companies, will make the following statement at
its Annual General Meeting to be held at 12.00pm today.
"I am pleased to report that the Group's business model continues to show its
resilient nature as we steer our way through these challenging market
"We are encouraged to see signs that general levels of confidence are improving
in certain client sectors. Permanent placement levels have remained relatively
stable for the last six months and contractors on assignment are now 6% higher
than at 31 July 2009. However, it will take longer before we can discern any
clear trend in terms of the impact on our own activity levels.
"Despite the continued uncertainty in the UK economy, the Group's trading for
the first quarter to 31 October 2009 has been in line with the Board's
expectations and, albeit with limited visibility, the outlook for the current
financial year to 31 July 2010 remains unchanged from that set out at the time
of our year-end results on 8 October 2009."
- Ends -
For further information please contact:
Matchtech Group plc 01489 898989
George Materna, Chairman
Adrian Gunn, Chief Executive Officer
Tony Dyer, Chief Financial Officer
Hogarth Partnership 020 7357 9477
John Olsen / Ian Payne / Jenny Fisher
Arbuthnot Securities 020 7012 2000
Background on Matchtech
Established in 1984, Matchtech specialises in the provision of contract and
permanent staff and has grown organically to become one of the UK's leading
technical and professional recruitment specialists.
Operating from a single site near Southampton, Matchtech provides predominantly
professionally qualified candidates to a broad range of clients across the UK in
the Engineering, Built Environment and Professional Services sectors.
This information is provided by RNS
The company news service from the London Stock Exchange