Trading Statement

7 Jan 2008 07:00

Staffline Recruitment Group plc07 January 2008 For immediate release 7 January 2008 STAFFLINE RECRUITMENT GROUP PLC ("Staffline" or "the Group") Year End Trading Update Notice of Results Staffline Recruitment Group plc, a leading provider of recruitment andoutsourced HR services to industry, today issues a trading update for itsfinancial year ended 31 December 2007, ahead of its preliminary results for theperiod which it expects to announce on 3 March 2008. The Group has had another successful year, having made good progress across allparts of the business in the second half and, in particular, with the continuedgrowth of its outsourced services division ("OnSite"). During the year the Group's OnSite division, which represents over 70% of Groupturnover, has continued to win OnSites with both new and existing clientsresulting in an increase of 28 locations to 99 in total as at 31 December 2007.This increase includes 12 sites acquired with On Site Partnership ("OSP") inMarch 2007 which have been fully integrated into Staffline's operations. All ofthe new OnSites added during the year are performing in line with expectations. The industrial branch division has performed well across the network. It hassignificantly increased its client base whilst introducing new clientrelationships through which to grow our OnSite business. Techsearch has also made good progress during the year driven by demand forpermanent positions from well qualified candidates and the permanent recruitmentoffering of OSP has traded well as part of the Group. In light of the above we are, therefore, confident that the Group will performin line with management's expectations for the year ended 31 December 2007. Commenting, Andy Hogarth, Staffline's Managing Director, said: "Staffline will deliver significant growth compared to 2006 and has a strongpipeline of OnSite opportunities. "Whilst mindful of macro economic indicators, we are showing significant growthon the previous year and the successful expansion of our OnSite contract basetogether with our strong exposure to the food sector gives the Board confidencethat Staffline will maintain this progress in the current year and thereafter." - Ends - For further information, please contact: www.staffline.co.uk --------------------- Staffline Recruitment Group plc 0115 950 0885Andy Hogarth, Managing DirectorCarole Harvey, Finance Director Smithfield 020 7360 4900Katie Hunt / Miranda Good Altium 0161 831 9133Phil Adams/Paul Lines About Staffline Staffline Recruitment Group plc's main business is as a specialist supplier of"blue collar" temporary and contract staff to industry. It provides a fullyoutsourced service, managing the temporary recruitment function of its clientson their premises, at 99 OnSite locations nationwide and also has a network of17 industrial branches. In addition, the Group has two smaller businessesbranded as Techsearch, which specialises in temporary and permanent engineering,IT, HR and FMCG placements and operates from 4 branches, and OSP, which providespermanent recruitment services principally to the distribution and logisticssector. The Group, which is managed from a head office in Nottingham, wasfounded in 1986 and was admitted to AIM in December 2004 (Ticker: STAF.L). This information is provided by RNS The company news service from the London Stock Exchange