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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
4th Jun 200812:11 pmPRNDirector/PDMR Shareholding
3rd Jun 20089:48 amPRNDirector/PDMR Shareholding
2nd Jun 200810:45 amPRNDirector/PDMR Shareholding
21st May 20089:11 amPRNGrant of options
20th May 20087:00 amPRNChange of Name
19th May 200811:44 amPRNResult of EGM
9th May 200812:41 pmPRNHolding(s) in Company
9th May 200812:36 pmPRNDirector/PDMR Shareholding
30th Apr 20083:04 pmPRNIssue of Equity
29th Apr 20089:56 amPRNDirector/PDMR Shareholding
28th Apr 200811:10 amPRNDirector/PDMR Shareholding
25th Apr 20083:13 pmPRNPosting of Circular
25th Apr 200812:11 pmPRNDirector/PDMR Shareholding
23rd Apr 20083:58 pmPRNDirector/PDMR Shareholding
28th Mar 20083:11 pmPRNIssue of Equity/Director Shareholding
17th Mar 20087:35 amPRNAcquisition of IDDAS Limited
17th Mar 20087:30 amPRNHalf-yearly Report
3rd Mar 200812:13 pmPRNDirectorate Change
31st Jan 200812:33 pmPRNTotal Voting Rights
23rd Jan 20087:00 amPRNHolding(s) in Company
15th Jan 20083:28 pmPRNIssue of Equity / directors dealing
12th Dec 200710:02 amPRNHolding(s) in Company
12th Dec 20077:00 amPRNDirectorate Change
6th Dec 200711:51 amPRNResult of AGM
2nd Nov 20077:00 amPRNPreliminary Results for the Year Ended 30 June 2007
28th Sep 20071:02 pmPRNDirectorate Change
25th Sep 20074:20 pmPRNDirectorate Change
13th Sep 20073:28 pmRNSDirectorate Change
10th Aug 200710:19 amPRNCompany Website
17th May 20073:09 pmPRNDisposal
21st Feb 20076:29 pmPRNCorrection: Director/PDMR Shareholding
20th Feb 20073:54 pmPRNDirectorate Change
16th Feb 20077:00 amPRNInterim Results
8th Jan 200712:30 pmPRNChange of Name
18th Dec 20064:31 pmPRNTotal Voting Rights
7th Dec 20064:27 pmPRNResult of AGM
30th Nov 20063:05 pmPRNHolding(s) in Company
23rd Nov 20063:37 pmPRNHolding(s) in Company
31st Oct 200611:31 amPRNCorrection
31st Oct 20067:00 amPRNFinal Results
9th Jun 200611:23 amPRNDirectorate Change
10th Apr 20064:09 pmPRNHolding(s) in Company
10th Apr 20067:00 amPRNDeferred Consideration
16th Mar 20063:08 pmPRNDirector/PDMR Shareholding
16th Mar 20063:06 pmPRNDirector/PDMR Shareholding
16th Mar 20062:40 pmPRNResult of EGM and Issue of Equity
20th Feb 20067:00 amPRNChange of Adviser
20th Feb 20067:00 amPRNInterim Results
20th Feb 20067:00 amPRNProposed Placing
9th Dec 20057:00 amRNSPlacing / Directors Holdings

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