MMC.L Regulatory News (MMC)

12 Jan 2006 07:01

Management Consulting Group PLC12 January 2006 12 January 2006 Management Consulting Group PLC Pre-close trading update Management Consulting Group PLC issues the following trading update ahead of theannouncement of the Group's 2005 preliminary results. The Group's revenues for the year ended 31 December 2005 are estimated to beahead of market expectations and to have grown by 8% to £129 million (2004: £119million). Revenues of Proudfoot Consulting are estimated to have grown by 6% to £86million (2004: £81 million) and revenues of Parson Consulting are estimated tohave grown by 14% to £43 million (2004: £38 million). The Group's operating profit, before the exceptional profit of £0.9 million,which was highlighted at the time of the interim results, is expected to be notless than the highest published forecast in the market place. Taking account of the Group's current order book and prospects, the directorsconsider that the Group is well positioned for significant progress in the firsthalf of 2006 over the comparable period of 2005. Kevin Parry, Chief Executive commented: "There has been strong organic growth as a result of continued investment in ourservice offerings and the expansion of our business development activities. In common with other consultancies we have seen improving market conditions andthere is much greater trading visibility going into a new year than we have hadfor the past five years." Management Consulting Group PLC Tel: +44 207 710 5000Kevin Parry, Chief ExecutiveMark Currie, Finance Director The Maitland Consultancy Tel: +44 207 379 5151Suzanne BartchPeter Ogden Notes to editors: Management Consulting Group PLC (MMC.L) operates through two divisions:Proudfoot Consulting and Parson Consulting. Proudfoot Consulting specialises inoperational improvement consulting and Parson Consulting specialises infinancial management consulting. The businesses operate worldwide. For furtherinformation, visit www.mcgplc.com Current market expectations Revenue (£'m) Operating profit (pre exceptionals) (£'m) ABN Amro 127.4 12.2Bridgewell 124.4 12.2Evolution 124.6 11.9Insinger de Beaufort 125.3 11.9Panmure Gordon 126.0 11.0 This information is provided by RNS The company news service from the London Stock Exchange