Hexagon Human Capital - a senior interim executive management and search business, announced strong trading results for the year ending March 31.

The good performance experienced by the Group in the first half of its financial year has continued through the second half and the directors expect earnings to be in line with market expectations. Net fee income has grown in both interim management and executive search; year on year figures are up 14% on a like for like basis.  The Group has organically grown its fee earning headcount and, on a like for like basis, consultant numbers are 26% up from a year ago.
 
The integration of Archer Mathieson, which was acquired by the Group in August 2007, has been successfully completed and its performance since acquisition is ahead of plan with Interim numbers up by 12%.
 
Client enquiries in the Group’s other interim management business, BIE, are up 17% on last year with a strengthening trend across the year.  In addition, the last quarter of the financial year 2007/8 is expected to be a record quarter for the Group’s executive search business.
 
Group cash flow has been strong and as a consequence net debt at 31 March 2008 is expected to be better than market expectations.

The Group floated on AIM in February 2007 to pursue both organic growth as well as by carefully selected earnings accretive acquisitions.  The board believes that the current market conditions are likely to provide further opportunities for the Group to make selective acquisitions
 
On the back of a record quarter for our search business and strong trading and record enquiry levels for our interim businesses the board is confident in Hexagon’s prospects of delivering further earnings growth in the new financial year.