REG - RTC Group PLC - Trading update and notice of results

RTCAnnouncement

22/11/2024 07:00

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RNS Number : 1901N  RTC Group PLC  22 November 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
(EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE
OF THE EU (WITHDRAWAL) ACT 2018.

22 November 2024

RTC Group plc

("RTC" or the "Group")

Trading update and notice of results

RTC Group Plc (AIM: RTC.L) is pleased to announce that since June we have been
trading in line with the positive expectations about our short, medium, and
long-term prospects set out in our interim statement.  The Board is therefore
confident of the trading prospects for the Group in the current financial year
and expects to announce its audited results for the year ended 31 December
2024 on or around 24 March 2025.

Andy Pendlebury, Chairman and CEO, said:

"I am delighted the Group can provide this trading update.

Economic conditions across the UK remain challenging, driving both fierce
competition and revenue concerns, as evidenced by a number of earning
downgrades across the sector.  Despite this, we continue to drive growth
through our focus on strong sector positioning, our people development, our
systems enhancement, and our attention to excellent service and quality which
continues to provide valuable differentiation for us with our clients.

Whilst the recent budget will no doubt intensify both cost pressures and
competition across all sectors of the economy during 2025, we remain confident
in our ability to capture further value for our shareholders as the
government's commitment to investment in large scale infrastructure projects
begins to unfold."

~ Ends ~

  Enquiries:

   RTC Group plc

   Andy Pendlebury, Chairman and 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/)
   SI Capital Limited (Broker)                                                Tel: 01483 413500

  Nick Emerson

  Sam Lomanto

  www.sicapital.co.uk

 

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.

 

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