Trading update and notice of results

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT 2018.

22 November 2024

RTC Group plc

("RTC" or the "Group")

Trading update and notice of results

RTC Group Plc (AIM: RTC.L) is pleased to announce that since June we have been trading in line with the positive expectations about our short, medium, and long-term prospects set out in our interim statement.  The Board is therefore confident of the trading prospects for the Group in the current financial year and expects to announce its audited results for the year ended 31 December 2024 on or around 24 March 2025.

Andy Pendlebury, Chairman and CEO, said:

"I am delighted the Group can provide this trading update.

Economic conditions across the UK remain challenging, driving both fierce competition and revenue concerns, as evidenced by a number of earning downgrades across the sector.  Despite this, we continue to drive growth through our focus on strong sector positioning, our people development, our systems enhancement, and our attention to excellent service and quality which continues to provide valuable differentiation for us with our clients.

Whilst the recent budget will no doubt intensify both cost pressures and competition across all sectors of the economy during 2025, we remain confident in our ability to capture further value for our shareholders as the government's commitment to investment in large scale infrastructure projects begins to unfold."

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About RTC
RTC Group Plc is an AIM listed recruitment 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 the best technical and engineering talent and providing complete workforce solutions to help build and maintain infrastructure and transportation for a wide range of UK and international 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 high-quality technical recruitment solutions to the manufacturing, engineering and technology sectors. Working as an engineering recruitment partner supporting businesses across the UK and Europe, ATA Recruitment has a strong track record of attracting and recruiting the best 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.

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.