19 Apr 2011 13:00
19 April 2011
Management Consulting Group PLC ("MCG")
Interim Management Statement
To coincide with today's Annual General Meeting, Management Consulting Group PLC ('MCG' or 'the Group') today provides an Interim Management Statement for the period from 1 January 2011 to 19 April 2011.
As reported in our Preliminary Results Statement on 7 March 2011, the Group entered 2011 in a stronger position than a year previously and is well positioned to benefit as economic conditions improve. The Group's trading outlook for 2011 remains as indicated at the time of that Statement.
Alexander Proudfoot started the year with a strong order book and the level of new business won so far in 2011 is above that for the equivalent period last year. It is experiencing particularly strong demand from clients in the natural resources sector. Kurt Salmon is developing as expected following the merger implemented at the start of 2011, and new business input levels in the key European and North American markets are encouraging at this stage of the year.
Nick Stagg, Chief Executive, commented:
"We have made a good start to 2011. Alexander Proudfoot is performing well, particularly in the European and South African business units, and in line with our expectations, continuing the recovery we saw in the second half of 2010. As expected, Kurt Salmon is benefiting from the merger at the start of this year in terms of improved client opportunities, recruitment and building its delivery capabilities. I am confident that we will continue to make progress over the course of 2011 in realising our organic growth objectives."
For further information please contact:
Management Consulting Group PLC | Tel: +44 20 7710 5000 |
Nick Stagg, Chief Executive Chris Povey, Group Finance Director | |
Financial Dynamics | Tel: +44 20 7831 3113 |
Ben Atwell, Susan Quigley |
Notes to editors:
Management Consulting Group PLC (MMC.L) provides professional services across a wide range of industries and sectors.
It comprises two independently managed practices: Alexander Proudfoot and Kurt Salmon. Alexander Proudfoot develops and implements operational improvements to its clients to increase productivity and reduce costs. Kurt Salmon provides consultancy services to a wide range of industries in both the private and public sectors. The Group operates worldwide. For further information, visit www.mcgplc.com.