Staffline Group (STAF)

Sector:

Support

Index:

FTSE AIM All-Share

46.00p
   
  • Change Today:
      0.25p
  • 52 Week High: 92.80p
  • 52 Week Low: 38.90p
  • Currency: UK Pounds
  • Shares Issued: 164.75m
  • Volume: 48,719
  • Market Cap: £75.79m
  • RiskGrade: 424

Staffline Q1 trading beats management expectations

By Iain Gilbert

Date: Monday 26 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Recruitment and training group Staffline said on Monday that first-quarter trading came in ahead of management expectations, providing the company with "increased confidence" in the full year.
Staffline stated underlying operating profits had increased 133% year-on-year to £1.4m, with strong demand in the food distribution, with a "significant restructuring" of the group in 2020 also helping generate roughly £15.0m in overhead cost savings.

Quarterly revenues were also up 0.2% at £227.9m. However, gross profits slipped 6.1% to £18.4m

The AIM-listed group also highlighted that despite a hard national lockdown in the Republic of Ireland, Staffline Ireland also reported "very positive momentum" across the quarter.

Net debt was cut from £69.5m to £54.9m.

"Whilst there continues to be ongoing uncertainty relating to the pandemic, given the strength of Staffline's results in the first quarter of 2021 and the momentum being seen across the group's core markets, the board's confidence in the outlook for the year has increased," said Staffline.

"As a result and subject to no further unforeseen lockdown restrictions, the board is confident that results for the current financial year are likely to be ahead of expectations."

As of 1115 BST, Staffline shares were up 5.64% at 73.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Staffline Group Market Data

Currency UK Pounds
Share Price 46.00p
Change Today 0.25p
% Change 0.55 %
52 Week High 92.80p
52 Week Low 38.90p
Volume 48,719
Shares Issued 164.75m
Market Cap £75.79m
RiskGrade 424

Staffline Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.50% above the market average51.50% above the market average51.50% above the market average51.50% above the market average51.50% above the market average
63.46% above the sector average63.46% above the sector average63.46% above the sector average63.46% above the sector average63.46% above the sector average
Price Trend
2.32% below the market average2.32% below the market average2.32% below the market average2.32% below the market average2.32% below the market average
4.50% above the sector average4.50% above the sector average4.50% above the sector average4.50% above the sector average4.50% above the sector average
Income Not Available
Growth
36.46% below the market average36.46% below the market average36.46% below the market average36.46% below the market average36.46% below the market average
40.19% below the sector average40.19% below the sector average40.19% below the sector average40.19% below the sector average40.19% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Staffline Group Dividends

  Latest Previous
  Interim Final
Ex-Div 11-Oct-18 31-May-18
Paid 13-Nov-18 03-Jul-18
Amount 11.30p 15.70p

Trades for 17-Aug-2022

Time Volume / Share Price
16:29 10,000 @ 46.00p
15:33 20 @ 45.22p
13:54 10,813 @ 46.24p
13:14 13,646 @ 45.80p
10:27 1,298 @ 46.24p

Staffline Group Key Personnel

CEO Albert Ellis
CFO Daniel Quint

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