RTC Group PLC Trading update and Notice of Results (2848C)
January 18 2018 - 7:01AM
UK Regulatory
TIDMRTC
RNS Number : 2848C
RTC Group PLC
18 January 2018
18 January 2018
RTC Group plc
("RTC" or the "Company")
Trading update, share price movement and notice of results
Share price movement
The Board has noted the fall in the Company's share price in
recent days following the announcements by Carillion PLC. The
Company wishes to clarify to the market that whilst it has some
limited exposure to the situation at Carillion, as set out below,
the performance of all group business is strong and that trading
remains in line with current market expectations.
The board anticipates that the results for the year ended 31
December 2017 will be in line with market expectations.
Limited Carillion Exposure
The Company supplies labour to Carillion Construction Limited
("Carillion") to support Network Rail projects and renewals work.
The Company has outstanding debts from Carillion of less than
GBP100,000 that will be fully provided in the financial statements
for the year ended 31 December 2017. The Company is actively
engaging with Carillion via the Official Receiver to ascertain how
it can continue to support Network Rail and maintain this income
stream.
Notice of Results
The Company expects to announce its preliminary results on or
around 26 February 2018.
Andy Pendlebury, CEO, said:
"Notwithstanding that, along with the whole of industry we are
disappointed in the Carillion situation, we are pleased that our
trading in 2017 was in line with market expectations. All of our
group businesses performed well and we remain confident that this
positive momentum will continue in 2018."
Ends
Enquiries:
RTC Group plc Tel: 01332
Bill Douie, Executive Chairman 861 844
Andy Pendlebury, CEO
Sarah Dye, Group Finance Director
SPARK Advisory Partners Limited Tel: 0203
(Nominated Adviser) 368 3550
Matt Davis / Mark Brady
www.Sparkadvisorypartners.com
Whitman Howard Limited (Broker) Tel: 020 7659
Nick Lovering / Francis North 1234
www.Whitman-howard.com
About RTC
RTC has three principal trading subsidiaries engaged in the
recruitment of human capital resources and the provision of managed
services.
ATA is one of the UK's leading engineering and technical
recruitment consultancies. Supplying white and blue collar
engineering and technical staff to a broad range of SME clients and
vertical markets.
Ganymede is focussed on the supply and operation of blue collar
contingent labour into safety critical markets.
Global Staffing Solutions predominantly provides managed service
solutions for international clients.
www.rtcgroupplc.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAFFPFSNPEFF
(END) Dow Jones Newswires
January 18, 2018 07:01 ET (12:01 GMT)
Rtc (LSE:RTC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Rtc (LSE:RTC)
Historical Stock Chart
From Sep 2023 to Sep 2024