Trading update and notice of results
Pubished 25th January 2016
InterQuest Group plc (AIM: ITQ.L), the specialist recruiter in technology, analytics and digital markets, is pleased to announce that trading for the financial year ended 31 December 2015 was 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 31 December 2015 on 9 March 2016.
The Group is also delighted that its new CEO and CFO, Chris Eldridge and David Bygrave, were able to start their new roles significantly 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."
InterQuest Group plc
Gary Ashworth, Non-Executive Chairman
Tel: +44 (0) 20 7025 0100
Panmure Gordon (UK) Limited
Nominated Adviser & Broker
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Dominic Morley / Karri Vuori
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Neil Bennet / Andy Donald