RTC Group PLC AGM trading update

RNS Number : 1101R

RTC Group PLC

05 June 2024

 

This announcement contains inside information as stipulated under The Market Abuse Regulation (EU No. 596/2014).

 

5 June 2024

RTC Group Plc

("RTC", "the Company" or "the Group")

 

AGM trading update

 

RTC Group Plc will hold its Annual General Meeting at 12 noon today.  At the meeting, A M Pendlebury, Executive Chairman and Chief Executive, will make the following statement:

 

"I am pleased to report that since publication of the 2023 results in March the Company continues to trade on a positive trajectory with trading levels ahead of the same period in 2023. The Company trades without long-term gearing and continues to build its balance sheet through the generation of strong operating cash flows.

 

Furthermore, and as I have previously stated, our key strategic objectives moving into 2024 are to continue to take advantage of our favourable positioning in solid markets to enhance profitability and support our strategy of returning cash through dividends to our shareholders.  Longer-term we aim to further build shareholder value through our diverse and growing order book, and to strengthen the Group Board for better and broader governance. I am extremely confident we are making significant progress on all fronts.

 

The Board is confident of the trading prospects of the Company in the current financial year."

 

ENDS

 

 

 

Enquiries:

RTC Group Plc	Tel: [phone]
Andy Pendlebury, Executive Chairman and Chief Executive
www.rtcgroupplc.co.uk
SPARK Advisory Partners Limited (Nominated Adviser) Matt Davis / James Keeshan www.Sparkadvisorypartners.com	Tel: [phone]
SI Capital (Broker) Nick Emerson / Sam Lomanto www.sicapital.co.uk	Tel: [phone]

About RTC

RTC Group Plc is an AIM listed business that focuses on white and blue-collar recruitment, providing temporary and permanent labour to a broad range of industries and customers in both domestic and international markets through its geographically defined operating divisions.

 

UK division

Through its Ganymede and ATA Recruitment brands the Group provides a wide range of recruitment services in the UK.

 

Ganymede specialise in recruiting technical and engineering talent and providing complete workforce solutions to help build and maintain infrastructure and transportation for a wide range of clients. Ganymede is a market leader in providing a diverse range of people solutions to the rail, energy, construction, highways, and transportation sectors. With offices strategically located across the country, Ganymede provides its clients with the benefit of a national network of skilled personnel combined with local expertise.

 

ATA Recruitment provide technical recruitment solutions to the manufacturing, engineering, and technology sectors. Working as an engineering recruitment partner supporting businesses across the UK. ATA Recruitment has a strong track record of attracting and recruiting engineering talent for our clients. ATA's regional offices which are strategically located in Leicester and Leeds each have dedicated market-experts to ensure ATA delivers excellence to both our clients and candidates. 

 

International division

Through its GSS brand the Group works with customers across the globe that are focused on delivering projects in a variety of engineering sectors. GSS has a track record of delivery in some of the world's most hostile locations. Working closely with its customers GSS provides contract and permanent staffing solutions on an international basis, providing key personnel into new projects and supporting ongoing large-scale project staffing needs. GSS typically recruit across a range of disciplines and skills from operators and supervisors, through to senior management level.

 

UK Central Services

The Group headquarters are located at the Derby Conference Centre which also provides office accommodation for its operating divisions in addition to generating rental and conferencing income from space not utilised by the Group.

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END

 

 

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