REG-Matchtech Group PLC AGM Statement

Released : 20/11/09 07:00

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20091120:RnsT8166C
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RNS Number : 8166C  
  
Matchtech Group PLC  
  
20 November 2009  
  
20 November 2009   
  
Matchtech Group plc  
  
AGM Statement   
  
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 
conditions.  
  
"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  
  James Steel                           
  
  
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  
  
  END  
  
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