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Trading Statement

9 Jul 2010 07:00

RNS Number : 0901P
Savile Group PLC
09 July 2010
 

Savile Group plc ("Savile" or the "Group")

Trading Statement

 

The Board of Savile Group plc announces that the Group expects a pre tax profit at the lower end of market expectations for the year ended 30th June 2010. Whilst the benefits of the Board's rigorous review of costs undertaken in the year had an impact on the financial year just ended, the full effect of these changes will be reflected in the current financial year, which we enter with a significantly reduced cost base.

 

Although the trading environment for the Group's services remains challenging, the Group commences its new financial year with a strong balance sheet - in excess of £3.5m in cash (equivalent to 24 pence per share) - and is well positioned to provide its range of services to both the public and private sectors.

 

The Board is looking to invest in strategic areas such as Public Sector as evidenced by the recent appointment of David Bolger as Head of Public Sector. Savile Group is also sponsoring a session introduced by Sir Gus O'Donnell, Head of the Civil Service, at this week's Civil Service Live conference, on 'Downsizing in the Public Sector'.

 

Given the opportunities for the Group, and its realigned cost base, the Board expects a continued improvement in performance for the year to 30th June 2011. The Board intends to continue its policy of paying dividends to shareholders which reflect the trading performance of the Group and proposes to cancel the treasury shares currently held and to seek authority at the next AGM to purchase up to a further 10% of shares in issue.

 

The Group's preliminary results will be released in September 2010.

 

For further information, please contact:

 

Savile Group plc 020 7204 6990

Jonathan Cohen, Chairman

Mark Sidlin, CFO

 

FinnCap 020 7600 1658

Corporate Finance

Geoff Nash/Ed Frisby

 

Corporate Broking

Tom Jenkins

 

Cardew Group 020 7930 0777

Richard Spiegelberg

James Milton

 

 

Notes to Editors

 

Savile Group has three centres of excellence: CEDAR Talent Management, Fairplace and IDDAS providing coaching, mentoring, career transition and talent management to leading companies, professional services firms and the public sector.

 

CEDAR Talent Management offers extensive expertise in coaching, leadership assessment and development.

 

Fairplace has an enviable reputation for high quality career transition and career management.

 

IDDAS provides a range of board level career and business mentoring, coaching and boardroom services, including leadership development.

 

Further information on the Company can be found on its website, at www.savile.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTSSUFMAFSSEDW
Date   Source Headline
20th Oct 200910:05 amRNSDirectorate Change
8th Oct 20097:00 amRNSChange of Adviser
30th Sep 20094:00 pmPRNGrant of Options
29th Sep 20097:00 amPRNReport and Accounts
22nd Sep 20097:00 amPRNFinal Results
16th Sep 200911:25 amPRNNotice of Results
17th Jul 20091:44 pmPRNBoard Changes
13th Jul 20097:00 amPRNTrading Update
7th Jul 20094:40 pmPRNTransaction in Own Shares
23rd Jun 200910:31 amPRNTransaction in Own Shares
22nd Jun 20093:37 pmPRNTransaction in Own Shares
19th Jun 200911:23 amPRNTransaction in Own Shares
18th Jun 20093:34 pmPRNTransaction in Own Shares
18th Jun 20092:30 pmPRNTransaction in Own Shares
17th Jun 20094:45 pmPRNTransaction in Own Shares
16th Jun 20093:20 pmRNSTransaction in Own Shares
11th Jun 20095:08 pmRNSTransaction in Own Shares
6th May 20099:03 amRNSSavile Grp appoints new business development team
3rd Apr 20094:31 pmRNSTransaction in Own Shares
3rd Apr 20094:30 pmRNSTransaction in Own Shares
12th Mar 20097:00 amRNSTransaction in Own Shares
11th Mar 20097:00 amRNSTransaction in Own Shares
5th Mar 20097:00 amRNSTransaction in Own Shares
24th Feb 20097:00 amRNSTransaction in Own Shares
23rd Feb 20097:00 amRNSMarket Purchase of the Company's Own Shares
19th Feb 20095:20 pmRNSTransaction in Own Shares
18th Feb 200910:13 amRNSReplacement - Director/PDMR Shareholding
17th Feb 200912:14 pmRNSDirector/PDMR Shareholding
17th Feb 20097:00 amRNSInterim Results
19th Jan 20097:00 amRNSTrading Update
18th Dec 20084:30 pmRNSFurther re reduction of share premium account
17th Dec 20087:00 amRNSChange of Adviser
20th Nov 20084:10 pmPRNDirector/PDMR Shareholding
20th Nov 200812:30 pmPRNResult of General Meeting
20th Nov 20087:00 amPRNDirector/PDMR Shareholding
29th Oct 20084:20 pmPRNposting of circular
28th Oct 20082:14 pmPRNResult of AGM
2nd Oct 20082:00 pmPRNPosting of Accounts
25th Sep 20085:27 pmPRNGrant of Options
24th Sep 20087:00 amPRNPreliminary Results For The Year Ended 30 June 2008
19th Sep 200810:28 amRNSStatement re Advisory Board
10th Jul 200810:19 amPRNDirector/PDMR Shareholding
2nd Jul 20083:30 pmPRNGrant of Options
1st Jul 20085:52 pmPRNAppointment of a Director and other changes
30th Jun 20083:32 pmPRNTotal Voting Rights
26th Jun 20082:30 pmPRNIssue of Equity
20th Jun 20083:00 pmPRNDirector/PDMR Shareholding
18th Jun 20082:26 pmPRNDirector/PDMR Shareholding
10th Jun 200812:48 pmPRNDirector/PDMR Shareholding
6th Jun 20083:02 pmPRNDirector/PDMR Shareholding

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