Staffline Group PLC Trading Update (7604A)
January 03 2018 - 1:00AM
UK Regulatory
TIDMSTAF
RNS Number : 7604A
Staffline Group PLC
03 January 2018
For immediate release 3 January 2018
STAFFLINE GROUP PLC
("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 GBP1billion target, they
will still be c9% above the GBP882.4m 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 or staffline@buchanan.uk.com.
For further information, please contact:
Staffline Group plc
Andy Hogarth, Chief Executive 07931 175775
Chris Pullen, Group Chief
Financial Officer 07786 265344
www.staffline.co.uk
Liberum Capital Limited NOMAD and Joint Broker
Steve Pearce / Joshua
Hughes 020 3100 2222
www.liberumcapital.com
Berenberg Joint Broker
Chris Bowman / Marie
Stolberg 020 3465 2722
www.berenberg.com
Buchanan PR and Communications
Richard Oldworth / Jamie
Hooper / Madeleine Seacombe 020 7466 5000
www.buchanan.uk.com
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
PeoplePlus
Contracts span Central, Local and Devolved Government and
Private Sector, including:
Employability:
-- 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
END
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