13th Jul 2009 07:00
Savile Group plc (the "Group" or the "Company") 13 July 2009 TRADING UPDATE
The Board of Savile Group plc (SAVG.L), the AIM quoted human resources consulting group, specialising in coaching, mentoring, career transition and talent management, provides the following trading update.
The Group's trading in the financial year ended 30 June 2009 was extremely buoyant and well ahead of the previous financial year. The results for the year are expected to be significantly ahead of market expectations. Furthermore, the Group has finished the year with a strengthened balance sheet and net cash and investments of over 3 million (equivalent to 20.5 pence per share) and no debt.
As anticipated at the time of the announcement of the Company's interim results, the Board has decided to restore dividend payments in respect of the year to 30 June 2009. The Board expects to recommend a dividend of at least 2 pence per share.
The Company expects to release its results for the year ended 30 June 2009 on 22 September 2009 when it will provide a further update on trading and prospects.
Jonathan Cohen, Executive Chairman of the Group, commented:
"Our strong performance in the financial year to 30 June 2009 demonstrates the continued successful combination of our three distinct brands under the Savile Group investment banner. In recent months, we have taken further steps to expand the Group's UK footprint as well as strengthening our new business development effort with the appointment of a team responsible for developing and coordinating new business leads.
We are also looking to continue to expand our service offering through carefully targeted acquisitions.
We have entered the new financial year with signs of continued strong demand and with every confidence that 2009/10 will see a further sustained improvement in the Company's performance."
For further information, please contact: -
Savile Group plc Tel: 020 204 6990 Jonathan Cohen, Chairman M: 07768 502122 Mark Sidlin, CFO M: 07901 855185 Arbuthnot Securities Limited Tel: 020 7012 2000 Tom Griffiths Ed Gay Cardew Group Tel: 020 7930 0777 Richard Spiegelberg Mob: 07979 804 280 James Milton Notes to Editors
Savile Group has three centres of excellence: CEDAR Talent Management, Fairplace and IDDAS providing coaching, mentoring, career transition and talent management to leading companies, professional services firms and the public sector.
CEDAR Talent Management offers extensive expertise in coaching, leadership assessment and development.
Fairplace has an enviable reputation for high quality career transition and career management.
IDDAS provides a range of board level career and business mentoring, coaching and boardroom services, including leadership development.
Further information on the Company can be found on its website, at www.savile.com
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