Business
AGM Statement
AGM Statement.
About this update from Staffline Group Plc
[{"type":"text","content":"\n RNS Number : 6105S Staffline Recruitment Group plc 21 May 2009 \n \n\nFor immediate release 21 May 2009\n \n\nSTAFFLINE RECRUITMENT GROUP PLC\n('Staffline' or 'the Group')\n\nAGM Statement\n\nStaffline, a leading provider of outsourced HR services to industry, is today holding its Annual General Meeting.\n\nAndy Hogarth, Staffline's Chairman, will make the following remarks at the AGM:\n\n'Performance in the first four months of 2009 has been in line with management's expectations. The current financial year is seeing the full benefit of the new OnSites opened during the second half of 2008, offset as previously announced by the loss of a significant client with 4 OnSites at the end of the first quarter of 2009. \n\n'Whilst we expect the recession to continue and impact our industry and our clients, we remain confident that our business model will allow us to operate profitably and to grow our market share, particularly given the relative resilience of the sectors in which we operate, particularly food processing. The operational savings implemented during 2008 should underpin profitability in 2009 and also assist us to remain competitive \n\n'Critical to our success in these difficult times is our strong financial position, and the cash generative nature of our business, in contrast to many of our competitors. Reflecting this, we continue to see new opportunities as many of our competitors are in poor financial shape and we have already won new business because ...