7th Dec 2015 08:46
LONDON (Alliance News) - Recruiter Harvey Nash Group PLC on Monday said trading has been in line with its expectations and said it has sold off some of its non-core assets in Germany.
The company said trading in the nine months to the end of October met its expectations, with both its gross profit and pretax profit rising 7.0% year-on-year. This was driven by strong performances in the US and Germany, with solid results in the UK and further progress made in its Asian business.
In addition, Harvey Nash said it has sold its non-core Nash Technologies GmbH telecommunications outsourcing business via a management buyout, led by Udo Nadolski, the chief executive of the Nash Technologies Group business.
The company said the sale will have no impact on its core recruitment business in Germany.
Shares in Harvey Nash were up 4.8% to 93.00 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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