FINANCIALS: Staffline bullish for year ahead

Staffing and employability organisation Staffline has made an “excellent” start to the year, according to CEO Andy Hogarth.

In a statement issued ahead of the group’s annual general meeting this morning, Hogarth said Staffline “has continued to make excellent progress in the new financial year”.

“The staffing division has continued to perform well, with strong demand for its services from both new and existing customers. The number of OnSites continues to grow. We are still seeing no change in demand following the EU Referendum Vote and the group continues to source record numbers of workers to supply this demand.”

With regards to PeoplePlus – the firm’s employability, training and skills division – Hogarth said the firm was seeing the benefits of a 2016 reorganisation, while the division’s new business pipeline remains strong with business continuing to be bid for and new contracts won. 

“As a result, we are pleased to confirm that current trading is in line with market expectations and the board remains confident of the group’s growth prospects with the ‘Burst the Billion’ £1bn revenue target still very much on track,” Hogarth added.

Staffline adds it expects to provide an interim pre-close trading update on 4 July 2017.

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