Recruitment update

Networkers meets market expectations

Networkers International, the telecoms and technology recruitment company, has updated the market on current trading.

According to its trading statement, the Group continues to perform strongly and is in line to meet market expectations for the full year, while current trading conditions are encouraging for 2008.

MSB, acquired by the Group during November 2006 and successfully integrated into the group during 2007, continues to perform above expectations.

Networkers' activities within the UK technology staffing market remain strong, with revenues in line with internal budgets. According to the statement, the Group has not been impacted by the recent negative developments in the financial markets.
The Group is continuing to expand its customer base whilst cementing existing relationships, such as the recent renewal of the Master Vendor Agreement with Unisys. During the current year, the Unisys contract accounted for roughly 6% of the Group's net fee income.

As of 1 January, the principal brand name throughout the group will be NetworkersMSB.

Top