AGM Statement

Released : 15/11/13 07:00

RNS Number : 0976T
Matchtech Group PLC
15 November 2013

AGM Statement

Matchtech Group PLC

15 November 2013


Matchtech Group plc

AGM Trading Update


George Materna, Chairman of Matchtech Group plc, will deliver the following trading update at the Group's Annual General Meeting to be held at noon today:


"Since we reported our Preliminary Results for the year ended 31 July 2013 on 15 October 2013 the Group has continued to perform in line with the Board's expectations.


"As the UK economy moves further into recovery mode, demand for contract recruitment continues to grow and we are seeing the first signs of permanent candidate confidence returning.


"For the first quarter to 31 October 2013, Net Fee Income (NFI) of £11.1m was up 13% on the same period in the previous financial year on a like for like basis*, with contract NFI of £8.0m up 14% and permanent fees of £3.1m up 11%.


"We look forward with confidence to the year ahead."



(*i.e., assuming NFI from Provanis, acquired on 6 September 2013, had been included within the 2012 comparator).



For further information please contact:


Matchtech Group plc                              01489 898 989

Adrian Gunn, Chief Executive Officer

Tony Dyer, Chief Financial Officer


MHP Communications                            020 3128 8100

John Olsen / Giles Robinson


Numis Securities Limited                        020 7260 1000

Michael Meade / James Serjeant








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