REG - RTC Group PLC - AGM trading update

RTCAnnouncement

05/06/2024 07:00

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RNS Number : 1101R  RTC Group PLC  05 June 2024

This announcement contains inside information as stipulated under The Market
Abuse Regulation (EU No. 596/2014).

 

5 June 2024

RTC Group Plc

("RTC", "the Company" or "the Group")

 

AGM trading update

 

RTC Group Plc will hold its Annual General Meeting at 12 noon today.  At the
meeting, A M Pendlebury, Executive Chairman and Chief Executive, will make the
following statement:

 

"I am pleased to report that since publication of the 2023 results in March
the Company continues to trade on a positive trajectory with trading levels
ahead of the same period in 2023. The Company trades without long-term gearing
and continues to build its balance sheet through the generation of strong
operating cash flows.

 

Furthermore, and as I have previously stated, our key strategic objectives
moving into 2024 are to continue to take advantage of our favourable
positioning in solid markets to enhance profitability and support our strategy
of returning cash through dividends to our shareholders.  Longer-term we aim
to further build shareholder value through our diverse and growing order book,
and to strengthen the Group Board for better and broader governance. I am
extremely confident we are making significant progress on all fronts.

 

The Board is confident of the trading prospects of the Company in the current
financial year."

 

ENDS

 

 

 

Enquiries:

 RTC Group Plc                                                                                     Tel: 0133 286 1835
 Andy Pendlebury, Executive Chairman and Chief Executive
 www.rtcgroupplc.co.uk (http://www.rtcgroupplc.co.uk)

 SPARK Advisory Partners Limited (Nominated Adviser)                                               Tel: 0203 368 3550

 Matt Davis / James Keeshan

 www.Sparkadvisorypartners.com (http://www.Sparkadvisorypartners.com)

 SI Capital (Broker)                                                                               Tel: 0148 341 3500

 Nick Emerson / Sam Lomanto

 www.sicapital.co.uk (http://www.sicapital.co.uk)

About RTC

RTC Group Plc is an AIM listed business that focuses on white and blue-collar
recruitment, providing temporary and permanent labour to a broad range of
industries and customers in both domestic and international markets through
its geographically defined operating divisions.

 

UK division

Through its Ganymede and ATA Recruitment brands the Group provides a wide
range of recruitment services in the UK.

 

Ganymede specialise in recruiting technical and engineering talent and
providing complete workforce solutions to help build and maintain
infrastructure and transportation for a wide range of clients. Ganymede is a
market leader in providing a diverse range of people solutions to the rail,
energy, construction, highways, and transportation sectors. With offices
strategically located across the country, Ganymede provides its clients with
the benefit of a national network of skilled personnel combined with local
expertise.

 

ATA Recruitment provide technical recruitment solutions to the manufacturing,
engineering, and technology sectors. Working as an engineering recruitment
partner supporting businesses across the UK. ATA Recruitment has a strong
track record of attracting and recruiting engineering talent for our clients.
ATA's regional offices which are strategically located in Leicester and Leeds
each have dedicated market-experts to ensure ATA delivers excellence to both
our clients and candidates.

 

International division

Through its GSS brand the Group works with customers across the globe that are
focused on delivering projects in a variety of engineering sectors. GSS has a
track record of delivery in some of the world's most hostile locations.
Working closely with its customers GSS provides contract and permanent
staffing solutions on an international basis, providing key personnel into new
projects and supporting ongoing large-scale project staffing needs. GSS
typically recruit across a range of disciplines and skills from operators and
supervisors, through to senior management level.

 

UK Central Services

The Group headquarters are located at the Derby Conference Centre which also
provides office accommodation for its operating divisions in addition to
generating rental and conferencing income from space not utilised by the
Group.

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