Improvement in net operating margin for InterQuest
InterQuest Group plc has announced its financial results for the year ending 31st December 2015 are in line with market expectations. The Group is seeing continued robust growth in its core niche markets and an improvement to the Group’s net operating margin of c.200 basis points to c.23% (2014: 21%).
The Group expects to announce its preliminary results for the year ended 31st December 2015 on 9th March 2016.
The Group has said that new CEO and CFO, Chris Eldridge and David Bygrave, were able to start their new roles earlier than anticipated and, consequently, Mark Braund is able to leave his role as a non-executive director earlier than originally planned.
Gary Ashworth, executive chairman, commented, “2015 has been a period of transformation for the Group with continued strong growth in NFI driven by our focus on core niche sectors in technology, analytics and digital markets which continue to display strong growth and a requirement for high quality employees. I would like to thank Mark Braund and Michael Joyce for their extremely valuable contribution to the Group and welcome Chris and David to drive our next phase of growth. I am delighted to have secured the services of our first choice candidates and am encouraged by the continued growth we are experiencing and the exciting initiatives of our new executive management team.”