Skillsgroup PLC - Disposal/Trading Update
06 Décembre 1999 - 8:02AM
UK Regulatory
RNS Number:9599B
Skillsgroup PLC
6 December 1999
Disposal of Swedish training business and
trading update
The Board of Skillsgroup is pleased to announce the recently
completed disposal of its small training business in Sweden,
QA Training AB on terms which will result in no gain or
loss. The business made an operating loss of around #0.2
million in 1999. Together with the recently announced sale
of Synergica AB, this disposal is in line with the Group's
strategic decision to focus management attention on the UK.
Following the end of the Group's financial year on 30
November 1999, the Board reconfirms its expectations for 25-
30% earnings growth from continuing businesses (including
all acquisitions) in 1999, consistent with the announcement
made on 1 October 1999. The Group's preliminary statement
of results is scheduled for release on 3 February 2000.
The Group enters the new financial year with three clearly
focussed businesses, IT training, consultancy and business
intelligence solutions, all well placed to exploit the
expected growth opportunities - particularly in new
technologies involving initiatives in web applications and e-
commerce activities. Following the slow down in the fourth
quarter of 1999, there are now clear signs of the expected
upturn in demand for our services post January 2000.
For further information, please contact:
Skillsgroup plc 01625 591200
David Southworth skillsgroup.co.uk
Colin Gibson
Ludgate Communications 0171-253 2252
Reg Hoare
Edward Macquisten
END
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