Last checked at 16 Dec 2015 07:00
16 December 2015
Parity Group plc ("Parity "or the "Group")
Trading Update
Parity (AIM:PTY), the UK recruitment, people development and information technology services group, announces the following pre-closing trading update.
The Board is pleased to report that trading to date has been in line with its expectations, as a result of which its expectations for EBITDA* for the year ending 31 December 2015 are unchanged.
As set out in recent announcements, the strategy for the Group is now to focus on its core UK recruitment and IT Services Business. In line with this strategy the Group has, as previously announced, already implemented a £1 million ongoing cost-saving programme.
The re-organisation provides clear focus on our established and profitable services which maximize the effectiveness of people, processes and systems within our clients' organisations.
The Board is firmly focused on driving profitability and shareholder value and looks forward to 2016 with confidence.
*EBITDA is before share-based payments and non-recurring items
Enquiries:
Parity Group PLC
Alan Rommel CEO
Mike Aspinall FD 0208 543 5353
MHP Communications
John Olsen 020 3128 8100
Investec Bank PLC
Andrew Pinder
Patrick Robb
Dominic Emery 020 7597 5970
END