REG - Staffline Group PLC - Customer Win

StafflineAnnouncement

22/03/2022 07:16

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RNS Number : 5260F  Staffline Group PLC  22 March 2022

22 March 2022

Staffline Group plc

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

 

Customer Win

 

New long term agreement secured with major automotive manufacturer

 

Staffline (AIM: STAF), the recruitment and training group, is pleased to
announce that its Recruitment GB division has, subject to contract,
successfully secured a long-term agreement with BMW Group (BMW, MINI and
Rolls-Royce Motor Cars) to supply the flexible operational workforces and a
number of specialist roles for its manufacturing sites in England.

 

It is anticipated that the contract will commence in Q2 2022 and BMW Group
will become one of Staffline's top 5 clients. Management also believes that
this contract, combined with the notable increases in demand that are evident
across Staffline's core automotive and automotive supply chain services, will
see the Group's activity within this segment return to pre-pandemic levels
from H2 2022 onwards.

 

Albert Ellis, Chief Executive Officer of Staffline, commented:

 

"We are delighted to have secured such a strategically important contract for
the Group, not just because we expect BMW to become a key customer, but also
as it provides material evidence of resurgence in a sector which historically
has been an important growth engine for our business."

 

"This win, alongside the strong pipeline of opportunities currently being
pursued across the Group, is further evidence of our strategy to leverage our
strengthened financial position and continue to expand our operational
footprint to grow market share in action and underpins expectations for the
year."

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit)
Regulations 2019. Upon the publication of this announcement via the Regulatory
Information Service, this inside information is now considered to be in the
public domain.

 

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 / William Hall / Christopher Whitaker

 Vigo Consulting (Financial PR)                                     020 7390 0230

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

 Jeremy Garcia / Antonia Pollock / Kate Kilgallen

 

About Staffline

 

Providing workforce solutions

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

 

Recruitment GB

Staffline is a leading provider of flexible blue-collar workers, supplying
c.33,000 staff per day on average from around 420 client sites, across a wide
range of industries including agriculture, supermarkets, drinks, driving, food
processing, logistics and manufacturing.

 

Recruitment Ireland

The Recruitment Ireland business is a leading end to end solutions provider
operating across twenty 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 the island of Ireland

 

PeoplePlus Division

PeoplePlus is leading skills and employability business with a clear purpose
to help people transform their lives, get jobs and keep jobs, and develop
their careers. The division works with employers to develop workforces of the
future, and with central, local and devolved governments to support their
economic and social policy agendas

 

 

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