Pre Close Trading Update and Board Changes
Matchtech Group plc, one of the UK’s leading technical recruitment companies, will announce its interim results on 25 April 2007. Ahead of this, the Company today announces a trading update, together with details of a change in the roles and responsibilities of two of its Directors.
Trading
The Board is pleased to announce that trading continues to be strong across all three of Matchtech’s operating sectors, Engineering, Built Environment and Support Services. Net Fee Income (“NFI”) in the first five months was over 28% ahead of the same period last year. Market conditions remain strong and there are good growth opportunities open to the Company. This gives the Board confidence in Matchtech’s prospects for the full year.
Board Change
Adrian Gunn, currently Deputy Managing Director and Sales Director, is to take over the position of Group Managing Director with effect from 1 February 2007. Adrian takes over from Paul Raine, who remains on the Board as Resources Director, with responsibility for IT, operations, marketing and legal.
George Materna, Chairman of Matchtech, commented:
“I am pleased to report that we have made a strong start to our life as a publicly listed company and that trading continues to be strong across the business.”
“I am also pleased to announce Adrian’s appointment as Group Managing Director. Adrian knows Matchtech inside out, having joined as a consultant in 1988. He has been a member of the senior management team for the past nine years and on the Board since 2004.”
“Adrian takes over the day-to-day leadership of the Company from Paul Raine, who is seeking a different role within Matchtech for personal reasons. This represents a smooth transition of management roles, with the established core executive team of Adrian, Paul and Tony Dyer remaining in place. Matchtech is in very good shape and has a very experienced management team with the ambition and drive to take the business forward.”