focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRtc Grp. Share News (RTC)

Share Price Information for Rtc Grp. (RTC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 92.50
Bid: 90.00
Ask: 95.00
Change: -2.50 (-2.63%)
Spread: 5.00 (5.556%)
Open: 95.00
High: 95.00
Low: 92.50
Prev. Close: 95.00
RTC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

RTC reports fall in full-year revenue, earnings

Mon, 27th Mar 2023 14:44

(Sharecast News) - Recruitment specialist RTC Group reported a decrease in group revenue from continuing operations to £71.9m for 2022 on Monday, down from £77.7m year-on-year.

The AIM-traded company's EBITDA also decreased to £0.6m, from £1.1m in 2021.

Despite the decrease in revenue and EBITDA, RTC reported an improvement in cash generation from operating activities, which grew by £2.35m compared to 2021.

The firm's net assets decreased to £6.2m, however, from £6.6m in the prior year.

RTC reported a basic loss per share of 2.45p, swinging from earnings per share of 0.04p in 2021.

As a result, the RTC board proposed no final dividend for the year, with the total dividend for 2022 remaining at nil - the same as the previous year.

"2022 was a year of two very contrasting halves for RTC Group," said chief executive officer Andy Pendlebury.

"Like many other companies, the early part of the year continued to be impacted by the effects of Covid.

"Additionally, the new maintenance and renewals contract with Network Rail which saw Ganymede Rail successfully awarded another long-term programme of work, was heavily biased towards upfront cost and investment activities."

Pendlebury said that while the combined effect of those two events impacted first-half profitability, the fundamental capabilities underpinning all of RTC's trading entities remained "robust".

"The second half of the year saw much improved trading across the group.

"With the exception of Ganymede Rail, all of our businesses enjoyed second-half run rates last seen prior to the onset of Covid in 2020."

RTC's overall financial position saw the group with no long-term debt, a working capital facility with significant headroom for growth, and strong cash and treasury management supporting primarily blue-chip and government-backed clients, Andy Pendlebury added.

"RTC Group has a strong balance sheet which hasn't necessitated any form of recapitalisation which befell many larger players in the sector and a very strong and lengthy order book with many leading clients across a number of our sectors.

"I believe we are well positioned to capitalise on growth opportunities as they emerge."

At 1428 BST, shares in RTC Group were down 15.68% at 15.6p.

Reporting by Josh White for Sharecast.com.

More News
24 Jul 2015 07:26

RTC Group Profit Declines On Higher Costs, Affirms Full Year View

Read more
22 Apr 2015 08:57

RTC Group Trading Well So Far In 2015, Affirms Full-Year Expectations

Read more
20 Mar 2015 08:53

RTC Subsidiary Signs Formal Deal For Network Rail Staffing Services

Read more
2 Mar 2015 12:07

UK MIDDAY BRIEFING: Tullow Oil Takes New Hit, Set To Drop From FTSE 100

Read more
2 Mar 2015 11:43

UK WINNERS & LOSERS: Tullow Oil Hit By Border Dispute Threat

Read more
2 Mar 2015 11:09

RTC Group Profit Higher On Stronger Revenue; To Pay Final Dividend

Read more
25 Feb 2015 12:56

UK MIDDAY BRIEFING: Tesco-isation Of Morrisons Management Complete

Read more
25 Feb 2015 11:38

UK WINNERS & LOSERS: AO World Shares Dive On Profit Warning

Read more
25 Feb 2015 11:05

RTC steams ahead after winning five-year Network Rail deal

RTC Group shares soared 40% after the business services provider won a deal worth between £80m and £100m to provide staff to Network Rail. Ganymede Solutions, RTC's subsidiary, will provide contingent labour services to the company that oversees the infrastructure of Britain's rail network. "The bo

Read more
25 Feb 2015 08:11

RTC Group Shares Soar As It Wins Large Network Rail Labour Deal

Read more
26 Jan 2015 08:44

RTC Group Set To Beat Market Expectations But Shares Down

Read more
1 Dec 2014 08:47

RTC confirms RIG Energy takeover

Recruitment and conferencing firm RTC Group has acquired RIG Energy from Recruitment Investment Group for £875,000. The firm said RIG Energy will be integrated into its subsidiary Ganymede Solutions, which provides contingent and temporary labour into safety critical environments. "This acquisition

Read more
24 Jul 2014 10:51

RTC Group Half-Year Pretax Profit Jumps, To Pay Dividend

Read more
21 May 2014 13:48

RTC on track to hit 2014 hopes but shares fall

White and blue collar recruitment agency RTC Group reported positive trading so far this year, but warned that it was still early days. RTC, which owns engineering recruitment consultancy ATA Recruitment and safety-critical blue collar staffing agency Ganymede Solutions, said it had traded well sin

Read more
21 May 2014 09:18

RTC Group Trading Well; Confident For 2014 Expectations

LONDON (Alliance News) - RTC Group PLC said Wednesday that trading in its current financial year is positive, with the firm confident that it will meet market expectations for 2014. In a statement released ahead of the company's annual general meeting Wednesday, the business services organi

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.