Net cash of £5m after all Covid related liabilities settled
Successful onboarding of new contracts with BMW & VINCI
Restart contract mobilised and profitable H2
Further expansion in the Republic of Ireland
H2 contract wins
Recruitment: Sainsbury's Argos (managed service)
PeoplePlus: £15m education contract (Ministry of Justice)
Notes:
*Underlying results exclude goodwill impairment, amortisation of intangible assets arising on business combinations, reorganisation 3 costs and other non-underlying charges
What we said in H1 2022
H1 2022
Recruitment BMW & VINCI
H1 incurred implementation costs
H2 will benefit from full 6 months of operating profit
Restart (PeoplePlus)
Operating profit commencing H2
H2 standard seasonal peak uplift
Traditional H2 seasonal uplift & World Cup
Organic market share growth
Seeing organic growth pipeline of opportunity in existing customers
Actual H2 outcomes
BMW (Recruitment GB)
Onboarded c.1,800 workers during H2
£60m revenue per annum, 3 year contract with option for 2 year extension
Restart (PeoplePlus)
Successful delivery of first operating profit of £1.2m
Staffline Group plc published this content on 21 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2023 07:10:03 UTC.
Staffline Group plc is a United Kingdom-based recruitment and training company. The Company is engaged in the provision of recruitment and outsourced human resource services to industry and the provision of skills-based employability training and support. It has three divisions: Recruitment GB, Recruitment Ireland and PeoplePlus Division. Recruitment GB division provides flexible blue-collar workers, supplying c.28,000 staff per day on average from around 400 sites. Recruitment Ireland division provides end to end solutions, operating across twenty industries, ten branch locations and ten onsite customer locations, supplying c.4,000 staff per day on average, and offering recruitment process outsourcing, managed service provision, temporary and permanent solutions across the island of Ireland. PeoplePlus Division provides adult skills and training in the United Kingdom, delivering adult education, prison education and skills-based employability programs across the country.
STAFFLINE GROUP PLC 
