Company Announcements

AGM Trading Update

Source: RNS
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

www.stafflinegroupplc.co.uk

Albert Ellis, Chief Executive Officer

Daniel Quint, Chief Financial Officer

via Vigo Consulting



Liberum (Nominated Adviser and Broker)

www.liberum.com

Richard Lindley / Satbir Kler

020 3100 2222



Zeus (Joint Broker)

www.zeuscapital.co.uk

David Foreman (Investment Banking)

Nick Searle (Sales)

020 3829 5000

 


Vigo Consulting (Financial PR)

www.vigoconsulting.com

Jeremy Garcia / Verity Snow

020 7390 0230

Staffline@vigoconsulting.com

 

 

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 or visit 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.
 
END
 
 
TSTZZGZKVMMGDZM