14th Jul 2010 07:00
14th July 2010
InterQuest Group plc
("InterQuest" or "the Group")
Trading Update
IT staffing specialist, InterQuest Group plc (AIM: ITQ.L) is pleased to give an update today on trading for the half year ended 30 June 2010.
Continued strengthening of trading through Quarter 1 into Quarter 2 means group net fee income in first half of 2010 was 14% higher than the first half of 2009:-
o Group net fee income in Quarter 2 of 2010 was 25% higher than Quarter 2 of 2009 and 7% higher than Quarter 1 of 2010;
o Contractor runners working onsite at clients in the final week of Quarter 2 was 14% higher than in the final week of Quarter 2 of 2009 and 10% higher than in the final week of Quarter 1 2010.
Gary Ashworth, Executive Chairman of InterQuest Group plc, commented,
"Trading in the first six months of the year has been strong, showing increased levels of demand in both permanent and contract recruitment. While there has been some weakness in the public sector, this has been more than offset by growth in the private sector.
"We continue to invest in the Group and successfully recruited our first intake of entrants into our new in-house training programme, iQad. We expect to commence a second programme in September. We believe that with activity levels returning and the enlargement of the Group we are in a strong position as we head into the second half of the year."
InterQuest will be announcing Interim Results on Wednesday 15th September 2010.
For further information please contact:
InterQuest Group plc |
Cenkos Securities plc |
Threadneedle Communications |
020 7025 0100 |
020 7397 8900 |
020 7653 9850 |
Gary Ashworth, Executive Chairman |
Ivonne Cantu |
Caroline Evans-Jones |
Michael Joyce, Finance Director |
Camilla Hume |
Fiona Conroy |
About InterQuest
The InterQuest Group is a specialist IT recruitment group providing contract and permanent recruitment services within niche disciplines in the UK and Europe. The Group comprises eleven separately branded specialist divisions covering a broad range of skill sets and industries including Public Sector, SAP, Oracle, CRM Testing, Banking, Insurance, Retailing, Pharmaceuticals, Media, Analytics, Infrastructure and Communications plus majority shareholdings in five further specialist businesses in the IQ Equity division. For further information please visit www.interquestgroup.com
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InterQuest Group