Gattaca Regulatory News (GATC)

20 Nov 2009 07:00



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."

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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.