DRV.L Regulatory News (DRV)

8 Oct 2007 07:00

Driver Group plc08 October 2007 DRV.L Driver Group plc ("Driver" or the "Group") Trading update and Notice of Results Driver, the provider of specialist commercial and dispute resolution services tothe construction industry, is pleased to make the following trading update inrelation to the year ending 30 September 2007. The Directors are pleased to report that the financial performance of the Groupfor the full year will be in line with market expectations. The benefits from the recruitment drive in the year are showing through, withthe integration of the new consultants progressing well across the Group. Thesenew staff members are achieving increasing levels of utilisation and havestarted to generate new opportunities. The Middle East is an increasingly active region for the construction industryand a region in which the Group is gaining momentum. This is providing furtheropportunities for expansion with the establishment of an office in Oman inprogress. During the last quarter, the London office has seen the recruitment driveimplemented in the first half begin to bear fruit. As a result, levels ofutilisation have improved significantly, delivering continued and sustainablegrowth. The outlook remains positive, particularly with increases in utilisation levelsin the UK and continued expansion in the Middle East, and the Board looksforward to next year with confidence. Preliminary results are expected to be announced in the week commencing 10December 2007. For more information: Driver Group plc Tel: 01430 808 124 Steve Driver, Chief Executive Zeus Capital Limited Tel: 0161 831 1512 Alex Clarkson/Nick Cowles Panmure Gordon & Co Tel: 020 7614 8386 Mark Lander / Aubrey Powell Biddicks Tel: 020 7448 1000 Katie Tzouliadis This information is provided by RNS The company news service from the London Stock Exchange