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21 Oct 2010 07:00
Impellam Group plc
("Impellam", the "Company" or the "Group")
Trading Update
On 6 August 2010 the Company announced its unaudited interim results for the 26 weeks ended 2 July 2010 which stated that operating profit had increased to £12.5m (2009 £0.5m). Net debt had decreased by £30.4 million to £39.2 million as at 2 July 2010 as a result of significant cash generation for the period.
Since the interim period end, Impellam has continued to see improved operating performance consistent with the trends experienced during the first half of the year. Net debt stands at £28.5m at 1 October 2010.
Cheryl Jones, Chairman, commented:
"For the trading period following the Groups half year end, the Company has seen operating performance improvement consistent with that experienced during the first half of the year. Efficiency programs and business rationalization have continued across the Group, and the Company continues to prioritize key drivers of our plan which include leveraging our brands, further improving our process and technology environments, investing in service innovation and refining our growth strategy."
Enquiries: For any further information please contact:
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Impellam Group plc |
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Cheryl Jones, Chairman Andrew Burchall, Group Finance Director |
Tel: 01582 692658 Tel: 01582 692658 |
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Cenkos Securities plc (Nominated Advisor and Broker to Impellam) |
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Nicholas Wells Elizabeth Bowman |
Tel: 020 7397 8900 Tel: 020 7397 8900
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Note to Editors:
Impellam is traded on AIM (Symbol: IPEL) and is a leading provider of staffing solutions, human capital management and outsourced people-related services with established operations in the UK, Ireland, USA, mainland Europe, Australia and New Zealand.
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Business Segment |
Staffing Sectors/Brands |
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Healthcare Staffing |
The Group's Healthcare staffing segment comprises Medacs Healthcare (locum doctors, nursing, international recruitment and managed healthcare services) and Chrysalis Homecare (domiciliary care). |
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UK Staffing - Commercial
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The Group's UK Commercial staffing segment primarily includes those brands that operate in the traditional clerical, administrative, industrial/trades and hospitality staffing markets. These principal brands include ABC Contract Services (construction and telecoms), Blue Arrow (catering, managed services, office and industrial), Carlisle Managed Solutions (managed services), Comensura (vendor neutral staffing & recruitment procurement), and Tate (office). |
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UK Staffing - Professional & Technical
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The Group's UK Professional & Technical staffing segment comprises the following principal brands: Austin Benn (sales and marketing), Celsian Education (teachers and school support staff), Chadwick Nott (legal), Hewitson Walker (accounting), IRC (multi-sector staffing in Ireland), S∙COM (technical) and SRG (scientific). |
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US Staffing |
The Group's US staffing segment operates across a wide spectrum of staffing sectors. The principal brands and their specialties include CORESTAFF Services and Leafstone (Call centre/customer care, engineering, IT, light industrial, office/clerical, professional, skilled trade and technical), Guidant Group (managed services), InfoCurrent (information/records management and library services), S∙COM (technical and telecom) and SRG Woolf (clinical research). |
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Support Services |
The Group's Support services segment consists of several brands providing a wide range of outsourced services to clients throughout the UK. These brands include Carlisle Cleaning & Support Services (contract cleaning and facility support services), Carlisle Security (security guarding and CCTV public space surveillance), and the Recruit (retail merchandising and events). |
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