REG-Savile Group Plc: Trading Update

Mon Jul 13, 2009 2:00am EDT
 
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Savile Group plc                                

                        (the "Group" or the "Company")                         

                                 13 July 2009                                  

                                TRADING UPDATE                                 

The Board of Savile Group plc (SAVG.L), the AIM quoted human resources
consulting group, specialising in coaching, mentoring, career transition and
talent management, provides the following trading update.

The Group's trading in the financial year ended 30 June 2009 was extremely
buoyant and well ahead of the previous financial year. The results for the year
are expected to be significantly ahead of market expectations. Furthermore, the
Group has finished the year with a strengthened balance sheet and net cash and
investments of over £3 million (equivalent to 20.5 pence per share) and no
debt.

As anticipated at the time of the announcement of the Company's interim
results, the Board has decided to restore dividend payments in respect of the
year to 30 June 2009. The Board expects to recommend a dividend of at least 2
pence per share.

The Company expects to release its results for the year ended 30 June 2009 on
22 September 2009 when it will provide a further update on trading and
prospects.

Jonathan Cohen, Executive Chairman of the Group, commented:

"Our strong performance in the financial year to 30 June 2009 demonstrates the
continued successful combination of our three distinct brands under the Savile
Group investment banner. In recent months, we have taken further steps to
expand the Group's UK footprint as well as strengthening our new business
development effort with the appointment of a team responsible for developing
and coordinating new business leads.

We are also looking to continue to expand our service offering through
carefully targeted acquisitions.

We have entered the new financial year with signs of continued strong demand
and with every confidence that 2009/10 will see a further sustained improvement
in the Company's performance."

For further information, please contact: -

Savile Group plc                        Tel: 020 204 6990                      
Jonathan Cohen, Chairman                M: 07768 502122                        
Mark Sidlin, CFO                        M: 07901 855185                        

Arbuthnot Securities Limited            Tel: 020 7012 2000                     
Tom Griffiths                                                                  
Ed Gay                                                                         
                                                                               
Cardew Group                            Tel: 020 7930 0777                     
Richard Spiegelberg                     Mob: 07979 804 280                      
James Milton                                                                   


Notes to Editors

Savile Group has three centres of excellence: CEDAR Talent Management,
Fairplace and IDDAS providing coaching, mentoring, career transition and talent
management to leading companies, professional services firms and the public
sector.

CEDAR Talent Management offers extensive expertise in coaching, leadership
assessment and development.

Fairplace has an enviable reputation for high quality career transition and
career management.

IDDAS provides a range of board level career and business mentoring, coaching
and boardroom services, including leadership development.

Further information on the Company can be found on its website, at 
www.savile.com



END

 

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