HYDG.L Regulatory News (HYDG)

15 Aug 2007 07:01

Hydrogen Group PLC15 August 2007 15 August 2007 HYDROGEN GROUP PLC Launch of Australia Office Hydrogen Group Plc ("Hydrogen" or "the Group") one of the UK's fastest growingspecialist recruitment groups, is pleased to announce the launch of its firstAustralian office in Sydney. The Australian recruitment market is valued at approximately $16 billion anddemand for quality candidates across the professional functions is high. Inline with the Group's strategy in the UK, Hydrogen's Australian office willfocus on the recruitment of mid to senior professional talent to the financialservices and industry and commerce sectors. To date the office has generated NetFee Income ahead of management expectations and has moved into profitability. Recent independent market research conducted for Hydrogen showed that talentshortages in the UK are forcing businesses in the Law, Finance and IT industriesto source candidates from similar commonwealth markets, such as Australia.Consequently the Group will be well placed to take advantage of the crossselling opportunities between its Australian office and UK brands. Ian Temple, Executive Chairman, commented: "The launch of Hydrogen's first Australian office is in line with the Group'sproven successful strategy of focussing on high growth market sectors and crossselling our established brands. Through our market leading position in the UK,we are ideally positioned to take advantage of the opportunities in the buoyantAustralian recruitment market. In turn, our Australian office will enable us tosupport our UK clients as demographics, increased legislation and regulatorychange continue to drive candidate scarcity." Enquiries: Hydrogen Group Plc 020 7240 2500Ian Temple, Executive Chairman Hudson SandlerKate Hough 020 7796 4133 NOTES TO EDITORS: Introduction Hydrogen is a specialist recruitment consultancy, focused on mid to seniorprofessional talent hires to financial services and commerce and industry. TheGroup has nine niche consultancies being Project Partners, Commerce Partners,Target Partners, Finance Professionals, Audit Professionals, Law Professionals,HR Professionals, Eurisko, specialising in recruitment within their disciplinesand Reflect, a human resources outsourcing consultancy. This information is provided by RNS The company news service from the London Stock Exchange