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Matchtech Group AGM

George Materna, chairman of Matchtech Group, will deliver the following trading update at the group's Annual General Meeting to be held at noon today:

"Since we reported our preliminary results for the year ended 31 July 2013 on 15 October 2013 the group has continued to perform in line with the board's expectations.

“As the UK economy moves further into recovery mode, demand for contract recruitment continues to grow and we are seeing the first signs of permanent candidate confidence returning.

“For the first quarter to 31 October 2013, Net Fee Income (NFI) of &pound11.1m was up 13% on the same period in the previous financial year on a like for like basis*, with contract NFI of &pound8.0m up 14% and permanent fees of &pound3.1m up 11%.

“We look forward with confidence to the year ahead.”

(*i.e., assuming NFI from Provanis, acquired on 6 September 2013, had been included within the 2012 comparator).

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