21st May 2025 16:21
(Alliance News) - Staffline Group PLC on Wednesday noted "materially enhanced" trading expectations following a recent contract win, as it reported a continuation of strong demand into 2025.
The Nottingham, England-based recruitment and training firm said gross profit for continuing activities has increased 6.2% in the first four months of 2025, compared to a year ago.
Staffline said: "The strong momentum experienced in FY 2024, which delivered significant financial and operational progress, has continued into FY 2025."
Driving the improved earnings was an uplift in temporary worker hours in Recruitment GB, which it said rose 6.6% over the same period.
According to Staffline, this reflects the sustained demand for agency and temporary recruitment solutions.
It further noted that its contract win announced on Friday last week has "materially enhanced" its expectations for its outlook for the next three years.
This contract is with an unnamed, leading food and drink supply chain management and logistics provider in the UK, said Staffline. The partnership consists of an initial two-year agreement, with a one-year extension option.
Staffline said trading is on track in 2025, with it expecting to deliver results in line with recently revised management expectations.
Shares in Staffline were flat at 40.00 pence on Wednesday afternoon in London.
By Christopher Ward, Alliance News reporter
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