REG - RTC Group PLC - Trading Update and Notice of Results

RTCAnnouncement

09/02/2022 11:40

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RNS Number : 1823B  RTC Group PLC  09 February 2022

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Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon
publication of this Announcement, this information is now considered to be in
the public domain.

9 February 2022

RTC Group plc

("RTC" or the "Group")

Trading update and notice of results

 

The Board of RTC is pleased to provide a trading update for its financial year
ended 31 December 2021.

As outlined in the interim announcement, results for the year will reflect a
period of lag in replacing revenue due to the slowdown of activities caused by
COVID and the withdrawal of NATO troops from Afghanistan. In addition, 2020
revenue was bolstered by a one-off contract performance obligation settlement
of £590,000 which is not repeated in 2021.

During the year we were successful in securing a new long-term contract with
Network Rail, the mobilisation of which commenced in Q4 2021.

The Group expects to announce its preliminary results on or around 28 March
2022.

Bill Douie, Chairman, said:

"The performance of the Group in an extraordinarily challenging year has been
satisfactory and both the net debt and cash positions are sound.

Whilst the trading environment during the second part of 2021 has continued to
be difficult the Group as a whole has remained profitable.

 I believe our results are a clear endorsement of the strategic path being
followed by the Group and I am gratefully impressed by the diligence and
determination of management at all levels in overcoming continued external
challenges.

 I remain confident of our ability to deliver continued positive results in
2022 in all areas of our business."

 

 

 

~ Ends ~

 

Enquiries:

 RTC Group plc

 Bill Douie, Executive Chairman

 Andy Pendlebury, CEO                                                   Tel:  01332 861 844

 Sarah Dye, Group Finance Director
 SPARK Advisory Partners Limited (Nominated Adviser)                    Tel:   0203 368 3550

 Matt Davis / Mark Brady

 www.Sparkadvisorypartners.com (http://www.Sparkadvisorypartners.com)

 Panmure Gordon (Broker)                                                Tel: 020 7886 2500

 Nick Lovering

 www.panmure.com (http://www.panmure.com)

 

About RTC
RTC Group Plc is an AIM listed recruitment business that focuses on white and
blue-collar recruitment, providing temporary and permanent labour to a broad
range of industries and customers in both domestic and international markets
through its geographically defined operating divisions.

UK division
Through its Ganymede and ATA Recruitment brands the Group provides a wide
range of recruitment services in the UK.

Ganymede specialise in recruiting the best technical and engineering talent
and providing complete workforce solutions to help build and maintain
infrastructure and transportation for a wide range of UK and international
clients. Ganymede is a market leader in providing a diverse range of people
solutions to the rail, energy, construction, highways and transportation
sectors. With offices strategically located across the country, Ganymede
provides its clients with the benefit of a national network of skilled
personnel combined with local expertise.

ATA Recruitment provide high-quality technical recruitment solutions to the
manufacturing, engineering and technology sectors. Working as an engineering
recruitment partner supporting businesses across the UK and Europe, ATA
Recruitment has a strong track record of attracting and recruiting the best
engineering talent for our clients. ATA's regional offices which are
strategically located in Leicester and Leeds each have dedicated
market-experts to ensure ATA delivers excellence to both our clients and
candidates.

International division
Through its GSS brand the Group works with customers across the globe that are
focused on delivering projects in a variety of engineering sectors. GSS has a
track record of delivery in some of the world's most hostile locations.
Working closely with its customers GSS provides contract and permanent
staffing solutions on an international basis, providing key personnel into new
projects and supporting ongoing large-scale project staffing needs. GSS
typically recruit across a range of disciplines and skills from operators and
supervisors, through to senior management level.

The Group headquarters are located at the Derby Conference Centre which also
provides office accommodation for its operating divisions in addition to
generating rental and conferencing income from space not utilised by the
Group.

www.rtcgroupplc.co.uk (http://www.rtcgroupplc.co.uk)

 

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