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STAF - Staffline News Story

72.9p -5.9  -7.5%

Last Trade - 16/04/21

Small Cap
Market Cap £50.3m
Enterprise Value £93.4m
Revenue £977.0m
Position in Universe 1243rd / 1819

Staffline Group PLC - Trading Update

Wed 3rd January, 2018 7:00am
RNS Number : 7604A
Staffline Group PLC
03 January 2018

For immediate release 3 January 2018


("Staffline" or "the Group")

Trading Update

Staffline, the Staffing and Employability organisation, today issues a trading update for its financial year ended 31 December 2017.

The Board is pleased to report that the Group expects to deliver full year results in line with market expectations. Whilst we expect revenues to be slightly below our 1billion target, they will still be c9% above the 882.4m reported for 2016. Demand in the Staffing business has remained strong through the second half and the division has once again achieved excellent growth in the number of OnSitesthis year. PeoplePlus, the Employability, Skills and Justice Division, has also made good progress, continuing to win new contracts as well as benefiting from its focus on improved margins, helping to offset reduced activity from the run off of the Work Programme.

Staffline will announce its preliminary results for the year ended 31 December 2017 on Wednesday 24 January 2018. A presentation for analysts will be held at 9.30am on Wednesday 24 January at the offices of Buchanan, 107 Cheapside, London EC2V 6DN.

A presentation for private and retail investors will also be held on Wednesday 24 January 2018, starting at 12.00pm at the offices of Buchanan, 107 Cheapside, EC2V 6DN. Admittance is strictly limited to those who register their attendance in advance of the event. To register for the event, please contact Buchanan on 020 7466 5000

For further information, please contact:

Staffline Group plc

Andy Hogarth, Chief Executive

07931 175775

Chris Pullen, Group Chief Financial Officer

07786 265344

Liberum Capital Limited NOMAD and Joint Broker

Steve Pearce / Joshua Hughes

020 3100 2222

Berenberg Joint Broker

Chris Bowman / Marie Stolberg

020 3465 2722

Buchanan PR and Communications

Richard Oldworth / Jamie Hooper / Madeleine Seacombe

020 7466 5000

Market Abuse Regulation

This announcement is released by Staffline Group plc and contains inside information for the purposes of the Market Abuse Regulation (EU) 596/2014 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR. The person who arranged for the release of this announcement on behalf of Staffline Group plc was Chris Pullen, Group Chief Financial Officer.

About Staffline

Staffline is a leading outsourcing organisation providing services, mainly in the UK and Eire, to both Government and commercial customers. The Staffing division supplies up to 52,000 workers per day to more than 1,500 clients. The PeoplePlus division is a leading provider to both Central and Local Government, offering a wide range of services to help and support in the Employability (Welfare to Work), Communities and Skills arenas.

Staffing Services

Specialising in providing complete labour solutions in agriculture, food processing, manufacturing, e-retail, driving and the logistics sectors, the recruitment business operates from nearly 400 locations in the UK, Eire and Poland. The Staffing brands include:

Staffline OnSite, based on clients' premises and providing both blue and white collar, out-sourced, temporary workforces

Driving Plus, providing HGV drivers to the driving industry

Staffline Agriculture, providing workers to the UK farming and horticulture sectors

Staffline Express, our high street branch based operation

Brightwork, a recruitment business based in Scotland specialising in temporary and permanent jobs to the drinks industry as well as industrial recruitment

Diamond Recruitment, one of the largest providers of recruitment services in Northern Ireland


Contracts span Central, Local and Devolved Government and Private Sector, including:


Work Programme, prime contractor in nine regions and sub-contractor in three regions in England and Wales

Fair Start Scotland, prime contractor in two regions commencing April 2018

New Enterprise Allowance (business start-up support), prime contractor in three regions of England and Scotland and a sub-contractor in Wales

Steps to Success, prime contractor in Northern Ireland

Tackling Youth Unemployment through the MyGo service in Suffolk, the Youth Promise Plus in Birmingham and the Wirral Youth Employment Gateway

Building Employment through Education, working in Schools in Northern Ireland

Education and Training services:

Prime contractor to the Education and Skills Funding Agency, Welsh Government as well as Skills Development Scotland, providing Adult Education and Apprenticeships

Delivering Apprenticeships programmes for the Private Sector, via the Apprenticeship Levy and non-levy programmes

Justice and Community services:

Ministry of Justice, Transforming Rehabilitation in Warwickshire and West Mercia, delivering rehabilitation services

Delivery of education and training to prisoners in ten prisons in the East of England and London

Independent Living Services, supporting 3,500 disabled people lead independent lives

Visitor Centres for the Northern Ireland Prison Service

Carers Hubs in Stoke and Staffordshire

This information is provided by RNS
The company news service from the London Stock Exchange
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