REG - Staffline Group PLC - AGM Trading Update

StafflineAnnouncement

22/05/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240522:nRSV3554Pa&default-theme=true

RNS Number : 3554P  Staffline Group PLC  22 May 2024

22 May 2024

 

Staffline Group plc

("Staffline", the "Company" or the "Group")

 

AGM Trading Update

 

Staffline, the recruitment and training group, is pleased to provide the
following trading update ahead of its Annual General Meeting ("AGM") at 9.30am
today at which the following statement will be made:

 

Trading and cash

 

"The positive momentum reported across the final quarter of 2023, has
continued into the first four months of 2024.  In particular, the Group is
encouraged with the performance of its recruitment businesses, which supported
strong trading cashflow performance, that is ahead of management expectations.

 

Recruitment GB has seen a year-on-year uplift in temporary worker hours, up
8.6% for the first 19 weeks of 2024 compared to the prior year, as a result of
new sites awarded with Tesco, Sainsbury's, GXO Logistics and Wincanton.
Recruitment Ireland has reported permanent fees up 25% in the first quarter
and PeoplePlus remains cautiously optimistic in its bid pipeline.

 

Therefore, the Board remains confident that the Group is on track to deliver
results in line with management expectations for the full year."

 

 

For further information, please contact:

 

 Staffline Group plc                                                via Vigo Consulting

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

 Albert Ellis, Chief Executive Officer

 Daniel Quint, Chief Financial Officer

 Liberum (Nominated Adviser and Broker)                             020 3100 2222

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

 Richard Lindley / Satbir Kler

 Zeus (Joint Broker)                                                020 3829 5000

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

 David Foreman (Investment Banking)

 Nick Searle (Sales)

 Vigo Consulting (Financial PR)                                     020 7390 0230

 www.vigoconsulting.com (http://www.vigoconsulting.com)             Staffline@vigoconsulting.com

 Jeremy Garcia / Verity Snow

 

About Staffline - Recruitment, Training and Support

Enabling the Future of Work™

Staffline is the UK's market leading Recruitment and Training group. It has
three divisions:

Recruitment GB

The Recruitment GB business is a leading provider of flexible blue-collar
workers, supplying c.30,000 staff per day on average from around 400 sites,
across a wide range of industries including supermarkets, drinks, driving,
food processing, logistics and manufacturing.

 

Recruitment Ireland

The Recruitment Ireland business is a leading end to end solutions provider
operating across multiple industries, ten branch locations and ten onsite
customer locations, supplying c.4,500 staff per day on average, and offering
RPO, MSP, temporary and permanent solutions across public and private sectors
throughout the island of Ireland.

 

PeoplePlus Division

The PeoplePlus business is a leading provider of employability, adult
training, prison education and skills-based programmes across the country to
those who are disadvantaged in society. In addition, it delivers Community
Service support as well as social value services and expertise to employers.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTZZGZKVMMGDZM