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15 Dec 2016 07:00
Parity Group PLC
15 December 2016
Parity Group plc ("Parity "or the "Group")
Trading Update
Parity (AIM:PTY), the UK information and technology services group announces the following pre-closing trading update.
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.
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.
The Board looks forward to 2017 and continues to be focused upon improving shareholder value.
*EBITDA is before share-based payments and non-recurring items
Enquiries:
Parity Group PLC
Alan Rommel CEO
Roger Antony GFD 0208 543 5353
MHP Communications
Kelsey Traynor 020 3128 8100
Investec Bank PLC
Andrew Pinder
Patrick Robb
Dominic Emery 020 7597 5970
END
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