FINANCIALS: Staffline trades in line with market expectations

Staffline is trading in line with expectations, according to a statement by the recruitment and employability organisation.

In a statement, released ahead of its annual general meeting this morning, Staffline revealed CEO Chris Pullen will make the following statement:

“During the first four months of 2018 the Group has traded in line with Board and market expectations.

“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 three acquisitions so far this year have improved our coverage in specific geographic areas. 

“During the first four 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 Skills, Employability 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 a good start to delivering Fair Start Scotland, which launched last month. 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 market expectations and the Board remains confident of the Group’s growth prospects.”

Staffline will released an interim pre-close trading update on Wednesday 4 July 2018.

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