RTG Rethink Grp

TIDMRTG

RNS Number : 2616J

ReThink Group (The) PLC

15 July 2013

15 July 2013

The Rethink Group plc

("Rethink" or the "Group")

Trading Update

The Rethink Group plc (AIM: RTG), one of the UK's leading recruitment, talent management and technology services companies, is pleased to announce a trading update for the six month period ended 30 June 2013 ("period") and to confirm that Rethink is trading in line with management expectations.

The first half of 2013 has been a period of notable improvement with strong operational achievements and a return to profitability. The Group is recovering well after a particularly challenging period during the second half of 2012.

Trading in the period is ahead of the previous 6 months and the Group expects to report Net Fee Income (NFI) growth in its core Recruitment business of c.7%, driven by a strong performance in Contract NFI.

EBITDA for the period is expected to represent the strongest performance in the last 18 months, following an EBITDA loss of GBP0.40m in H2 2012 and EBITDA of GBP0.59m in H1 2012.

Steve Wright, CEO of Rethink plc, commented: "We are pleased to return to profitability following the difficulties experienced in the second half of 2012. Rethink has a strong platform to continue to grow and looks forward to providing a further update at the time of the Group's interim results in September."

For further information please contact:

 
Rethink Group plc 
Steve Wright, CEO              07836 226902 
Shore Capital 
Bidhi Bhoma/Edward Mansfield   0207 408 4090 
Newgate Threadneedle 
John Coles/Fiona Conroy        020 7653 9850 
 

About the Rethink Group plc

Rethink Group (AIM: RTG) provides business transformation services through three divisions; recruitment, talent management and technology. These divisions work in synergy and support our growing customer base.

The Group supports clients across the UK, Europe, Middle East, Asia Pacific and the US.

For more information please visit our website: www.rethinkgroupplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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