Staffline Group PLC Interim Pre-Close Trading Update (4911T)

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RNS Number : 4911T

Staffline Group PLC

04 July 2018

For immediate release 4 July 2018

Staffline Group plc

('Staffline' or 'the Group')

Interim Pre-Close Trading Update

Staffline (AIM: STAF), the Recruitment and Training organisation, is pleased to provide the following update on trading for the six months ended 30 June 2018.

As noted at the Group's Annual General Meeting on 17 May 2018, despite a tight labour market, the Recruitment division has continued to perform strongly. Our size and scale allows us to meet growing customer demand, and the four acquisitions so far this year have improved our coverage in specific geographic areas. During the first six months of the year, the Customer Experience strategy has been rolled out giving unrivalled levels of insight into workers' experiences on a site by site basis. This data will allow us to benefit both employee and customer retention through previously unseen feedback. We are confident that this will accelerate our consolidation of the market in which we already have a strong leadership position.

In PeoplePlus, the Group's Training, Skills, and Well-Being services division, the transition away from the Work Programme contracts remains on track. We are benefiting from our investment in the Apprenticeship Levy space and have made good progress delivering Fair Start Scotland, which launched in April. We continue to develop a strong pipeline across a number of areas, including devolved government and prison education.

As a result, we are pleased to confirm that we are trading in line with expectations and the Board remains confident of the Group's growth prospects. The Board looks forward to providing a further update at the time of the Interim Results, which will be announced on Wednesday 25 July 2018.

A presentation for analysts will be held at 9.30am on Wednesday 25 July 2018 at the offices of Buchanan, 107 Cheapside, London EC2V 6DN. A presentation for private and retail investors will also be held on Wednesday 25 July 2018, starting at 12.00pm at the office 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].

Date of next trading update

The Group expects to provide a final pre-close trading update on Thursday 3 January 2019.

 
 For further information, please contact: 
 Staffline Group plc 
 Chris Pullen, Chief Executive Officer        07786 265344 
 Mike Watts, Group Chief Financial Officer    07970 215262 
 www.stafflinegroupplc.co.uk 
  [e-mail] 
 
   Liberum 
 NOMAD and Joint Broker 
 Steve Pearce / Joshua Hughes 
  www.liberum.com                             020 3100 2222 
 Berenberg 
  Joint Broker 
  Chris Bowman / Toby Flaux 
  www.berenberg.com                             020 3207 7800 
 
   Buchanan 
   PR and Communications 
 Richard Oldworth/Jamie Hooper/Madeleine 
  Seacombe 
  www.buchanan.uk.com 
  [e-mail]                   020 7466 5000 
 

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 Mike Watts, Group Chief Financial Officer.

About Staffline - Recruitment, Training and Support

Enabling the Future of Work(TM)

Staffline is the UK's market leading recruitment and training group. It has two divisions:

Recruitment Division

The UK's leading provider of flexible blue-collar workers, supplying over 60,000 staff per day to c. 1,500 private sector clients, across a wide range of industries including agriculture, drinks, driving, food processing, logistics and manufacturing. It operates from over 400 locations in UK, Eire and Poland.

Its world leading Customer Experience platform provides optimised customer-based staffing management solutions whilst providing market-leading levels of job satisfaction for workers.

PeoplePlus

The leading adult skills and learning provider in the UK, delivering apprenticeships, adult education, prison education and skills-based employability programmes across the country.

Education and Training - market leading provider of training courses for private sector Apprenticeships (both Levy and non-Levy) and Government funded Adult Skills programmes.

Employability - top quartile performer, supporting Government programmes providing back-to-work education and support services to the unemployed.

Justice and Community - education and training services for prisoners and probationers, as well as individual support services for carers and people with disabilities, both at home and in the work place.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 04, 2018 02:00 ET (06:00 GMT)