AGM Statement

Released : 14/11/14 07:00

RNS Number : 0084X
Matchtech Group PLC
14 November 2014
 

14 November 2014

 

 

Matchtech Group PLC

 

AGM Statement

 

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

"On behalf of the Board I am pleased to give the following trading update. Net Fee Income ("NFI") in the first three months of FY 2015 to 31 October 2014 compared to the same period in the prior year was up 3% (Contract up 2%, Permanent up 7%). As stated in our Preliminary Results, issued on 14 October 2014, strong demand continues in the UK and worldwide for skilled engineers. The Group is ideally placed to benefit from this demand due to our niche focus within Engineering and Technology, market leading position and balanced business model of Contract and Permanent recruitment."

"We have invested to accelerate growth in our Engineering business through increased consultant headcount. We will monitor the return on this investment throughout the year and adjust accordingly."

"The Board is confident that the outlook for FY2015 remains in line with its previous expectations."

 

For further information please contact:

 

Matchtech Group plc

+44 (0) 1489 898 989

Brian Wilkinson, Chairman


Adrian Gunn, Chief Executive Officer


Tony Dyer, Chief Financial Officer




Newgate Threadneedle - Financial PR

+44 (0) 20 7653 9847

John Coles /Hilary Buchanan / Edward Treadwell




Numis Securities Limited


Michael Meade (NOMAD) / James Serjeant

+44 (0) 20 7260 1000

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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