Staffline Group PLC Trading Update (7604A)

TIDMSTAF

RNS Number : 7604A

Staffline Group PLC

03 January 2018

For immediate release 3 January 2018

STAFFLINE GROUP PLC

("Staffline" or "the Group")

Trading Update

Staffline, the Staffing and Employability organisation, today issues a trading update for its financial year ended 31 December 2017.

The Board is pleased to report that the Group expects to deliver full year results in line with market expectations. Whilst we expect revenues to be slightly below our GBP1billion target, they will still be c9% above the GBP882.4m reported for 2016. Demand in the Staffing business has remained strong through the second half and the division has once again achieved excellent growth in the number of OnSitesthis year. PeoplePlus, the Employability, Skills and Justice Division, has also made good progress, continuing to win new contracts as well as benefiting from its focus on improved margins, helping to offset reduced activity from the run off of the Work Programme.

Staffline will announce its preliminary results for the year ended 31 December 2017 on Wednesday 24 January 2018. A presentation for analysts will be held at 9.30am on Wednesday 24 January at the offices of Buchanan, 107 Cheapside, London EC2V 6DN.

A presentation for private and retail investors will also be held on Wednesday 24 January 2018, starting at 12.00pm at the offices of Buchanan, 107 Cheapside, EC2V 6DN. Admittance is strictly limited to those who register their attendance in advance of the event. To register for the event, please contact Buchanan on 020 7466 5000 or [e-mail].

 
 For further information, please contact: 
 Staffline Group plc 
 Andy Hogarth, Chief Executive        07931 175775 
 Chris Pullen, Group Chief 
  Financial Officer                   07786 265344 
 www.staffline.co.uk 
 
 Liberum Capital Limited NOMAD and Joint Broker 
 Steve Pearce / Joshua 
  Hughes                             020 3100 2222 
 www.liberumcapital.com 
 
 Berenberg Joint Broker 
 Chris Bowman / Marie 
  Stolberg                           020 3465 2722 
 www.berenberg.com 
 
 Buchanan PR and Communications 
 Richard Oldworth / Jamie 
  Hooper / Madeleine Seacombe        020 7466 5000 
 www.buchanan.uk.com 
 

Market Abuse Regulation

This announcement is released by Staffline Group plc and contains inside information for the purposes of the Market Abuse Regulation (EU) 596/2014 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR. The person who arranged for the release of this announcement on behalf of Staffline Group plc was Chris Pullen, Group Chief Financial Officer.

About Staffline

Staffline is a leading outsourcing organisation providing services, mainly in the UK and Eire, to both Government and commercial customers. The Staffing division supplies up to 52,000 workers per day to more than 1,500 clients. The PeoplePlus division is a leading provider to both Central and Local Government, offering a wide range of services to help and support in the Employability (Welfare to Work), Communities and Skills arenas.

Staffing Services

Specialising in providing complete labour solutions in agriculture, food processing, manufacturing, e-retail, driving and the logistics sectors, the recruitment business operates from nearly 400 locations in the UK, Eire and Poland. The Staffing brands include:

 
--  Staffline OnSite, based on clients' premises 
     and providing both blue and white collar, out-sourced, 
     temporary workforces 
--  Driving Plus, providing HGV drivers to the 
     driving industry 
--  Staffline Agriculture, providing workers to 
     the UK farming and horticulture sectors 
--  Staffline Express, our high street branch based 
     operation 
--  Brightwork, a recruitment business based in 
     Scotland specialising in temporary and permanent 
     jobs to the drinks industry as well as industrial 
     recruitment 
--  Diamond Recruitment, one of the largest providers 
     of recruitment services in Northern Ireland 
 

PeoplePlus

Contracts span Central, Local and Devolved Government and Private Sector, including:

Employability:

 
--  Work Programme, prime contractor in nine regions 
     and sub-contractor in three regions in England 
     and Wales 
--  Fair Start Scotland, prime contractor in two 
     regions commencing April 2018 
--  New Enterprise Allowance (business start-up 
     support), prime contractor in three regions 
     of England and Scotland and a sub-contractor 
     in Wales 
--  Steps to Success, prime contractor in Northern 
     Ireland 
--  Tackling Youth Unemployment through the MyGo 
     service in Suffolk, the Youth Promise Plus 
     in Birmingham and the Wirral Youth Employment 
     Gateway 
--  Building Employment through Education, working 
     in Schools in Northern Ireland 
 

Education and Training services:

 
--  Prime contractor to the Education and Skills 
     Funding Agency, Welsh Government as well as 
     Skills Development Scotland, providing Adult 
     Education and Apprenticeships 
--  Delivering Apprenticeships programmes for the 
     Private Sector, via the Apprenticeship Levy 
     and non-levy programmes 
 

Justice and Community services:

 
--  Ministry of Justice, Transforming Rehabilitation 
     in Warwickshire and West Mercia, delivering 
     rehabilitation services 
--  Delivery of education and training to prisoners 
     in ten prisons in the East of England and London 
--  Independent Living Services, supporting 3,500 
     disabled people lead independent lives 
--  Visitor Centres for the Northern Ireland Prison 
     Service 
--  Carers Hubs in Stoke and Staffordshire 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 03, 2018 02:00 ET (07:00 GMT)