26th Jul 2007 07:00
Matchtech Group PLC26 July 2007 26 July 2007 Matchtech Group plc Trading Update Matchtech Group plc ("Matchtech" or the "Group"), one of the UK's leaders inspecialist technical recruitment , is pleased to provide a trading update forthe year ending 31 July 2007. The Group plans to release its preliminary resultson 16 October 2007. The Board is pleased with the Group's performance in the year, reflectingcontinuing positive trading conditions across each of the Group's three sectors:Engineering, Built Environment and Support Services. Net Fee Income for the first eleven months of the year is over 27% ahead of thesame period last year, driven by robust demand for both contract and permanentstaff. Particularly strong demand for permanent staff has seen a slight changein the business mix, with permanent fees in the year to date accounting for 31%of Net Fee Income (2006: 29%). Over the last few months the Group hassuccessfully recruited 30 graduates to support the continued growth of ourbusiness. Based on the above, the Group's continuing focus on operating costs and itssingle site operating model, the Board is confident that the results for thefull year will come in at the upper end of its expectations. For further information please contact: Matchtech Group plc 01489 898989George Materna, ChairmanAdrian Gunn, Group Managing DirectorTony Dyer, Group Finance Director Hogarth Partnership 020 7357 9477John Olsen / James Longfield / Fiona Noblet Arbuthnot Securities 020 7012 2000Andrew Fullerton/ Ian Williams Background on Matchtech Matchtech specialises in the provision of contract and permanent staff in theEngineering, Built Environment and Support Services sectors across the UK. It was established in 1984 and has grown organically to become one of the UK'sleading technical and engineering recruitment specialists and one of the UK's 20largest recruitment companies (Source: Recruitment International Top 100 Report- August 2006). Operating from a single site near Southampton, Matchtech provides predominantlyprofessionally-qualified candidates to clients in a broad range of industriesincluding oil and petrochemicals, marine, aerospace, automotive, water,electronics, civil engineering, building structures and transportinfrastructure. It structures its business across three main sectors:Engineering, Built Environment and Support Services. Matchtech Group plc floated on AIM in October 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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