15 Dec 2016 07:00
Parity Group PLC
15 December 2016
Parity Group plc ("Parity "or the "Group")
Trading Update
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Parity (AIM:PTY), the UK information and technology services group announces the following pre-closing trading update.
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The Board is pleased to report that the Group's momentum, detailed in the interim results announced on 8 September 2016, has continued and that it now expects EBITDA* for the year ending 31 December 2016 to be slightly ahead of its original expectations.
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The Group has benefitted from increased internal collaboration to support growth in the higher margin Consultancy Services division, which has driven profit improvement and cash generation.
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The Board looks forward to 2017 and continues to be focused upon improving shareholder value.
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*EBITDA is before share-based payments and non-recurring items
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Enquiries:
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Parity Group PLC
Alan Rommel CEO
Roger Antony GFD 0208 543 5353
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MHP Communications
Kelsey Traynor 020 3128 8100
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Investec Bank PLC
Andrew Pinder
Patrick Robb
Dominic Emery 020 7597 5970
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