30 Apr 2010 07:00
30 April 2010
Hydrogen Group plc
("the Group")
Trading Update
Hydrogen Group plc, the specialist professional recruitment business, is today issuing an update on trading for the calendar year to date.
As outlined at the time of the preliminary results on 3 March 2010, the Group has begun to see signs of improvement in some of its UK and international markets. Driven by growth in the UK financial services market and particularly strong performances internationally, the Board expects that operating profit for the year ended 31st December 2010 will be ahead of market expectations.
We remain cautiously optimistic in our outlook for the remainder of 2010 on the basis of the on-going economic uncertainty which continues to affect some of our markets. The Board will continue to maintain a tight control over costs going forward whilst still investing selectively in the business where we see growth opportunities.
Ian Temple, Executive Chairman, commented:
"The business has maintained a strong platform in uncertain markets and I am pleased that the actions we have taken to strengthen the Group are beginning to be reflected in the progress we have made so far this year."
Enquiries:
| Hydrogen Group plc | 020 7240 2500 |
| Ian Temple, Executive Chairman |
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| John Glover, Finance Director |
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| Hudson Sandler | 020 7796 4133 |
| Andrew Hayes / Alex Brennan |
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| Oriel Securities (NOMAD) | 020 7710 7600 |
| Natalie Fortescue |
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| Emma Griffin |
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