Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIPEL.L Regulatory News (IPEL)

  • There is currently no data for IPEL

AGM Statement

19 Jun 2013 07:00

RNS Number : 3441H
Impellam Group plc
19 June 2013
 

IMPELLAM GROUP PLC

 

Annual General Meeting - Trading update 19th June 2013

 

Impellam Group plc ("Impellam" or "the Group") will issue the following trading update at today's Annual General Meeting.

 

"Trading in the first five months of 2013 has been broadly in line with the Board's expectations. Our United Kingdom and North America Staffing businesses are both reporting increased activity and growth in net fee income, year over year. Our North America business returned to year on year net fee income growth in Q2 of 2012 and we expect the United Kingdom business to report similar growth in Q2 this year. Both businesses are also reporting increases in EBITDA when compared to prior year periods as a result of both net fee income growth and improvements in efficiency.

 

However, our Medacs Healthcare business is seeing challenging market conditions with volumes and net fee income under pressure. We are also seeing increased costs associated with both enhanced compliance requirements and in the sourcing of the required medical professionals for the demand available. We therefore expect to see both net fee income and EBITDA compression in the first half.

 

Our Carlisle Support Services business is also continuing to see little or no recovery in demand in the retail market. In addition, costs associated with the mobilisation of recent contract wins are depressing gross margin percentages compared to prior periods.

 

However, there will be no repeat of the prior year restructuring charges.

 

Accordingly, in the first half of the year, unadjusted earnings per share are expected to be broadly flat compared to the prior year."

 

Impellam expects to publish trading results for the 26 weeks to 28th June 2013 on 25th July 2013.

 

 

Enquiries: For further information please contact the appropriate individual below.

 

Impellam Group plc

Andrew Wilson Tel: 01582 692658

Julia Roberton Tel: 01582 692658

Andrew Burchall Tel: 01582 692658

 

Cenkos Securities plc

(Nominated Advisor and Broker to Impellam)

Nicholas Wells Tel: 020 7397 8900

Elizabeth Bowman

Note to Editors:

Impellam Group plc conducts business primarily in the UK and North America, with smaller operations in Australia, Ireland, New Zealand and mainland Europe. The Group employs nearly 6,000 people, including 2,200 managers and consultants and more than 3,500 support services workers, across a network of 230 branch and regional offices. The Group operates more than 15 specialty brands across a broad range of staffing sectors which are complemented by businesses in the outsourced support services sector. Impellam Group is ranked 19th on the Staffing Industry Analysts' 2012 Top Global Staffing Companies List.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGMUWRAROOANAUR
Date   Source Headline
30th Jun 20227:00 amRNSTransaction in Own Shares
29th Jun 20224:35 pmRNSResult of Annual General Meeting
29th Jun 20228:57 amRNSForm 8.5 (EPT/RI)
28th Jun 20229:36 amRNSForm 8.5 (EPT/RI)
27th Jun 202210:35 amRNSForm 8.5 (EPT/RI)
23rd Jun 20229:10 amRNSTransaction in Own Shares
23rd Jun 20228:47 amRNSForm 8.5 (EPT/RI)
21st Jun 20223:21 pmRNSForm 8.5 (EPT/RI)
21st Jun 20223:09 pmRNSForm 8.5 (EPT/RI) - amendment
21st Jun 202210:00 amRNSForm 8.5 (EPT/RI) - Impellam Group plc
21st Jun 20227:01 amRNSRule 2.9 Announcement
21st Jun 20227:00 amRNSTransaction in Own Shares
20th Jun 202212:01 pmRNSRule 2.9 Announcement
20th Jun 202212:00 pmRNSTransaction in Own Shares
20th Jun 20229:15 amRNSForm 8.5 (EPT/RI)
17th Jun 20228:46 amRNSForm 8.5 (EPT/RI)
17th Jun 20227:01 amRNSRule 2.9 Announcement
17th Jun 20227:00 amRNSTransaction in Own Shares
16th Jun 20229:37 amRNSForm 8.5 (EPT/RI)
16th Jun 20229:01 amRNSRule 2.9 Announcement
16th Jun 20229:00 amRNSTransaction in Own Shares
15th Jun 20227:11 amRNSForm 8.5 (EPT/RI)
15th Jun 20227:01 amRNSRule 2.9 Announcement
15th Jun 20227:00 amRNSTransaction in Own Shares
14th Jun 202211:42 amRNSForm 8.5 (EPT/RI)
14th Jun 20227:01 amRNSRule 2.9 Announcement
14th Jun 20227:00 amRNSTransaction in Own Shares
9th Jun 20227:02 amRNSForm 8.5 (EPT/RI)
8th Jun 202210:27 amRNSForm 8.5 (EPT/NON-RI)
7th Jun 202212:17 pmRNSForm 8.5 (EPT/RI)
7th Jun 20229:31 amRNSForm 8.5 (EPT/RI)
31st May 20222:04 pmBUSForm 8.3 - IMPELLAM GROUP PLC
25th May 202211:42 amRNSForm 8.5 (EPT/RI)
25th May 202210:16 amRNSRule 2.9 Announcement
25th May 202210:15 amRNSTransaction in Own Shares
24th May 20229:17 amRNSForm 8.5 (EPT/RI)
24th May 20227:01 amRNSRule 2.9 Announcement
24th May 20227:00 amRNSTransaction in Own Shares
20th May 202211:17 amRNSForm 8.5 (EPT/RI)
20th May 20227:01 amRNSRule 2.9 Announcement
20th May 20227:00 amRNSTransaction in Own Shares
19th May 202210:15 amRNSRule 2.9 Announcement
19th May 20229:50 amRNSTransaction in Own Shares
19th May 20227:57 amRNSForm 8.5 (EPT/RI)
12th May 202210:20 amRNSForm 8.5 (EPT/RI)
12th May 20229:51 amRNSRule 2.9 Announcement
12th May 20229:51 amRNSTransaction in Own Shares
11th May 202212:32 pmRNSRule 2.9 Announcement
11th May 202212:30 pmRNSTransaction in Own Shares
11th May 20229:29 amRNSForm 8.5 (EPT/RI)

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.