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Staffline's group operating profit up over 50%

Operational highlights:

On track to meet five year growth ambition of &pound1bn in sales

Revenue growth achieved across all Staffing businesses, reflecting improving economy and new customer wins

Continued organic growth of the OnSite platform

Increased by 41 sites during the reporting period to 235 (2013: 194)

Acquisition of Avanta in June 2014 for a net consideration of &pound45m

Successful integration with existing Welfare to Work business, Eos, to create our Employability division

Three major contract wins for Employability division:

Ministry of Justice West Mercia and Warwickshire Transforming rehabilitation contract

Steps to Success contract in Northern Ireland

Suffolk County Council MyGo three year pilot

All existing Work Programme contracts extended by one year

Strong start to trading in 2015, new start-up divisions performing well and additional contract wins underpinning growth

Commenting on the results and prospects for 2015, Andy Hogarth, chief executive, said, “2014 was a period of significant progress for our business. Important strategic steps in both our Staffing services and Employability divisions have delivered positive momentum for the Group and we start 2015 with a stronger and more profitable business than ever before.

"We remain on track to meet our ambition to reach &pound1billion of revenues by 2017 and are focused on delivering growth organically and through strategic acquisitions in 2015 and beyond.”

A presentation for analysts and investors will be held at 9.30am on 28 January 2015 at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN


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