Harvey Nash Results Expected
Harvey Nash will announce its interim results on 30 September 2009.
The Board is pleased to confirm that trading for the six months to 31 July 2009 has remained broadly in line with expectations, underpinned by the Groups broad portfolio of services.
In February 2009, the Board reviewed its revenue and profit expectations for the current year in view of the challenging economic environment. As anticipated, the decline in demand for recruitment services has been partially offset by the performance of our IT outsourcing businesses. The strength of the portfolio of services, combined with actions taken to reduce the cost base, has ensured a resilient performance for the period.
Revenue for the six month period to 31 July 2009 is in line with the previous year while gross profit for the same period has recorded only a modest decline of 5%. Trading cash flow has been strong, and operating profits are expected to exceed 2.0m for the period.