Business
Trading Update for 12 months ended 31 July 2019
Trading Update for 12 months ended 31 July 2019.
About this update from Gattaca Plc
[{"type":"text","content":"\n \nRNS Number : 9705H Gattaca PLC 06 August 2019 \n\n6 August 2019\n \nGattaca plc\n(\"Gattaca\", \"the Group\" or \"the Company\")\n \nTrading Update for 12 months ended 31 July 2019\n \n \nGattaca plc (LSE-AIM: GATC), the UK's leading specialist Engineering and Technology recruitment business, today provides the following trading update for the 12 months ended 31 July 2019.\n \nOverview\n \nUnderlying PBT is expected to be slightly above market expectations and net debt also lower than expected levels. \n \nOverall, NFI was flat year on year with UK Engineering having performed strongly in H2, partially offset by UK Technology and particularly Telecoms. Benefits of the planned restructuring we undertook in H1 began to feed through towards the end of the period. The Group's International operations also grew over the period, although the strong performance in H1, particularly in the USA, was offset by a softer period of trading in H2. The core UK Engineering business, including our Solutions offering, continues to perform very strongly.\n \n\n\n\nNet fee income1\n\n\nH1\n\n\n\n\n\nH2\n\n\n\n\n\nFY\n\n\n\n\n\n\n\n2019 H1\n\n\n2018 H1\n\n\nChange\n\n\n\n\n\n2019 H2\n\n\n2018 H2\n\n\nChange\n\n\n\n\n\n2019\n\n\n2018\n\n\nChange\n\n\n\n\n\n\n\n£m\n\n\n£m\n\n\n%\n\n\n\n\n\n£m\n\n\n£m\n\n\n%\n\n\n\n\n\n£m\n\n\n£m\n\n\n%\n\n\n\n\nEngineering\n\n\n 25.1 \n\n\n 24.2 \n\n\n4%\n\n\n\n\n\n 24.9 \n\n\n 23.3 \n\n\n7%\n\n\n\n\n\n 50.0\n\n\n 47.5 \n\n\n5%\n\n\n\n\nTechnology\n\n\n 6.4 \n\n\n 7.4 \n\n\n-14%\n\n\n\n\n\n 5.4\n\n\n 7.1 \n\n\n-24%\n\n\n\n\n\n 11.8 \n\n\n 14.5 \n\n\n-19%\n\n\n\n\nUK\n\n\n 31.5 \n\n\n 31.6 \n\n\n0%\n\n\n\n\n\n 30.3 \n\n\n 30.4 \n\n\n0%\n\n\n\n\n\n 61.8\n\n\n 62.0 \n\n\n0%\n\n\n\n\nInternational\n\n\n 5.0 \n\n\n 4.4\n\n\n14%\n\n\n\n\n\n 4.6 \n\n\n 5.0 \n\n\n-8%\n\n\n\n\n\n 9.6\n\n\n 9.4 \n\n\n3%\n\n\n\n\nTotal (continuing)\n\n\n 36.5 \n\n\n 36.0\n\n\n1%\n\n\n\n\n\n 34.9 \n\n\n 35.4\n\n\n-1%\n\n\n\n\n\n 71.4 \n\n\n 71.4 \n\n\n0%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n2019 H1\n\n\n2018 H1\n\n\nChange\n\n\n\n\n\n2019 H2\n\n\n2018 H2\n\n\nChange\n\n\n\n\n\n2019\n\n\n2018\...