REG - Staffline Group PLC - AGM Trading Update

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RNS Number : 4903J  Staffline Group PLC  21 May 2025

21 May 2025

Staffline Group plc

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

 

AGM Trading Update

 

Staffline (AIM: STAF), the recruitment group, provides the following trading
update for the current financial year ("FY 2025") ahead of its Annual General
Meeting ("AGM") at 9.30am today:

The Group is pleased to report that the strong momentum experienced in FY
2024, which delivered significant financial and operational progress, has
continued into FY 2025. The Group has delivered a 6.2%* increase in gross
profit for the first four months of 2025 compared to the prior year, driven by
a year-on-year uplift in temporary worker hours in Recruitment GB, up 6.6%
over the same period, reflecting the sustained demand for both temporary and
agency recruitment solutions. This excellent performance has been followed by
the announcement on 16 May 2025 of a substantial new contract with a leading
logistics company which has materially enhanced the Board's expectations of
Group performance over the next three years.

The Board remains focused on capitalising on the Group's strong trading cash
flows, repurchasing 15.5 million ordinary shares, at an average price of 31.2
pence per ordinary share, for a total consideration of £4.8 million as part
of the first tranche of the 2025 share buyback programme.

The Board is therefore confident that trading across FY 2025 is on track to
deliver results in line with recently revised management expectations, as the
Group's scale and reputation for service excellence continues to deliver
further market share gains.

*Relating to continuing activities

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

 Panmure Liberum (Nominated Adviser and Broker)                      020 3100 2222

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

 Nick How / Satbir Kler

 Zeus (Joint Broker)                                                 020 3829 5000

 https://zeuscapital.co.uk/ (https://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 / Anna Sutton

 

 

 

About Staffline - Recruitment

Enabling the Future of Work™

Staffline is one of the UK's leading Recruitment groups. It has two divisions:

 

Recruitment GB

The Recruitment GB business is a leading provider of flexible blue-collar
workers, supplying up to c.35,000 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.

 

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