Last checked at 16 Feb 2010 14:24
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 October 2009 to 16 February 2010.
Trading into the new calendar year has continued in line with the Board's expectations. Cash savings resulting from decisions taken in the first half of the financial year are being realised in the second half of the year. Whilst there are signs of confidence returning to a number of sectors in which the Group operates, the general macro-economic climate remains challenging.
Despite continued pressures on margins the resourcing business has demonstrated commendable resilience operating in a depressed IT contractor market. Business development activity in the consulting and resourcing business is focused on expanding key market sectors in which the Group operates. Investment has continued in the Group's location intelligence business, Zubed. Client interest in Zubed is very encouraging and the sales pipeline continues to strengthen.