Last checked at 4 Jul 2018 07:00
For immediate release 4 July 2018
Staffline Group plc
('Staffline' or 'the Group')
Interim Pre-Close Trading Update
Staffline (AIM: STAF), the Recruitment and Training organisation, is pleased to provide the following update on trading for the six months ended 30 June 2018.
As noted at the Group's Annual General Meeting on 17 May 2018, despite a tight labour market, the Recruitment division has continued to perform strongly. Our size and scale allows us to meet growing customer demand, and the four acquisitions so far this year have improved our coverage in specific geographic areas. During the first six months of the year, the Customer Experience strategy has been rolled out giving unrivalled levels of insight into workers' experiences on a site by site basis. This data will allow us to benefit both employee and customer retention through previously unseen feedback. We are confident that this will accelerate our consolidation of the market in which we already have a strong leadership position.
In PeoplePlus, the Group's Training, Skills, and Well-Being services division, the transition away from the Work Programme contracts remains on track. We are benefiting from our investment in the Apprenticeship Levy space and have made good progress delivering Fair Start Scotland, which launched in April. We continue to develop a strong pipeline across a number of areas, including devolved government and prison education.
As a result, we are pleased to confirm that we are trading in line with expectations and the Board remains confident of the Group's growth prospects. The Board looks forward to providing a further update at the time of the Interim Results, which will be announced on Wednesday 25 July 2018.
A presentation for analysts will be held at 9.30am on Wednesday 25 July 2018 at the offices of Buchanan, 107 Cheapside, London EC2V 6DN. A presentation for private and retail investors will also be held on Wednesday 25 July 2018, starting at 12.00pm at the office of Buchanan, 107 Cheapside, EC2V 6DN. Admittance is strictly limited to those who register their attendance in advance of the event. To register for the event, please contact Buchanan on 020 7466 5000 or staffline@buchanan.uk.com.
Date of next trading update
The Group expects to provide a final pre-close trading update on Thursday 3 January 2019.
For further information, please contact:
| |
Staffline Group plc | |
Chris Pullen, Chief Executive Officer | 07786 265344 |
Mike Watts, Group Chief Financial Officer | 07970 215262 |
www.stafflinegroupplc.co.uk investors@staffline.co.uk | |
Liberum | |
NOMAD and Joint Broker | |
Steve Pearce / Joshua Hughes www.liberum.com
| 020 3100 2222 |
Berenberg Joint Broker Chris Bowman / Toby Flaux www.berenberg.com |
020 3207 7800 |
Buchanan PR and Communications | |
Richard Oldworth/Jamie Hooper/Madeleine Seacombe www.buchanan.uk.com staffline@buchanan.uk.com | 020 7466 5000 |
Market Abuse Regulation
This announcement is released by Staffline Group plc and contains inside information for the purposes of the Market Abuse Regulation (EU) 596/2014 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR. The person who arranged for the release of this announcement on behalf of Staffline Group plc was Mike Watts, Group Chief Financial Officer.
About Staffline - Recruitment, Training and Support
Enabling the Future of Work™
Staffline is the UK's market leading recruitment and training group. It has two divisions:
Recruitment Division
The UK's leading provider of flexible blue-collar workers, supplying over 60,000 staff per day to c. 1,500 private sector clients, across a wide range of industries including agriculture, drinks, driving, food processing, logistics and manufacturing. It operates from over 400 locations in UK, Eire and Poland.
Its world leading Customer Experience platform provides optimised customer-based staffing management solutions whilst providing market-leading levels of job satisfaction for workers.
PeoplePlus
The leading adult skills and learning provider in the UK, delivering apprenticeships, adult education, prison education and skills-based employability programmes across the country.
Education and Training - market leading provider of training courses for private sector Apprenticeships (both Levy and non-Levy) and Government funded Adult Skills programmes.
Employability - top quartile performer, supporting Government programmes providing back-to-work education and support services to the unemployed.
Justice and Community - education and training services for prisoners and probationers, as well as individual support services for carers and people with disabilities, both at home and in the work place.