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12 Aug 2009 07:00
Triad Group Plc
Annual General Meeting and Interim Management Statement
Triad Group Plc presents its interim management statement, as required by the UK Listing Authority Disclosure and Transparency Rules, which covers the period from 1 April 2009 to 12 August 2009. This coincides with its Annual General Meeting which is taking place at 11.00am today.
At the meeting Triad's Chairman, John Rigg, will make the following statement;
As was reported in the Group's annual results for the year ended 31 March 2009 published in June, the Group's sales pipeline continues to be affected by uncertainty in market conditions caused by the current global economic crisis.
As expected, this has continued into the second quarter of the new financial year impacting the Group's operating margins and utilisation levels.
The Board has taken steps to reduce the Group's cost base, in particular property and staff costs.
Sales activity remains high and the prospect list, across all areas of the business, remains encouraging.
The Group continues to trade comfortably within the facilities available to it.
For further information please contact;
Nick Burrows
Company Secretary
+44 (0)1483 860222
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