20th Aug 2014 07:00
20 August 2014
HARVEY NASH GROUP PLC
("Harvey Nash" or the "Group")
Trading Update and Notice of Results
Harvey Nash, the global executive recruitment and professional services group, is pleased to announce that its interim results for the six months ended 31 July 2014 are expected to be in line with the management's expectations, despite currency headwinds.
The Group's performance in the UK, Ireland and USA was robust with growth in demand for recruitment continuing. Asia also performed well. In mainland Europe contracting activity was strong, offsetting subdued demand for permanent recruitment, particularly in Germany.
Revenue for the period is expected to increase by 8% (12% on a constant currency basis*) to circa £356m (H1 2013: £329m) and gross profit by 1% (6% on a constant currency basis*) to circa £43.6m (H1 2013: £43.1m).
Operating profit for the period is expected to be ahead of the comparable period in 2013 by circa 5% (circa 11% on a constant currency basis*) and adjusted profit before taxation by circa 5% (circa 12% on a constant currency basis*).
The interim results for the six months ended 31 July 2014 will be announced on Tuesday 30 September 2014.
* 2014 figures re-translated at 2013 rates
ENQUIRIES:
Harvey Nash | Tel: 020 7333 2635 |
Albert Ellis, Chief Executive Officer | |
Richard Ashcroft, Group Finance Director | |
Tavistock Communications | Tel: 020 7920 3150 |
Catriona Valentine / Niall Walsh |
Related Shares:
Harvey Nash Group