Interim Management Statement

30 Apr 2008 07:02

Tribal Group PLC30 April 2008 Tribal Group plc 30 April 2008 Tribal Group plc Interim Management Statement for the three months to 31 March 2008 Tribal Group plc ("Tribal" or the "Group"), a leading provider of consultancy,support and delivery services to the UK public sector, provides the followingupdate on trading in the quarter to 31 March 2008. Peter Martin, Tribal's Chief Executive, said: "Trading in the first three months of the year has been encouraging and ourfinancial performance is in line with our expectations. As a result, we expectprofit before tax and earnings per share in the first six months of the year tobe significantly ahead of the corresponding period last year. Cash flow was strong during the three month period and Tribal's net debt at 31March 2008 was £2.4m. We have enjoyed a good level of contract wins since the start of the year andour order book and pipeline remain healthy. We are shortlisted on a number ofsignificant healthcare design projects. We have also recently gained newcontracts worth over £5m from the Learning and Skills Council to help peopleimprove their skills and secure employment. Demand for our services has beengood in all of our markets. We continue to strengthen the senior management team across the Group and we arepleased to announce the appointment of Andy Field as Chief Operating Officer.Andy joins Tribal from Fujitsu where he was responsible for leading their civilgovernment business. We continue to review a number of acquisition opportunities that wouldstrengthen and complement our existing capabilities and that meet our financialcriteria." End For further information, pleasecontact: Tribal Group plc Telephone: 020 7323 7110Peter Martin, Chief ExecutiveSimon Lawton, Group Finance Director Maitland Telephone: 020 7379 5151Colin BrowneAnthony Silverman Editors' note: Tribal provides a range of consultancy, support and delivery services focused onimproving the delivery of public services in the UK. Our core markets are ineducation, health, housing and regeneration, central government and localgovernment. Tribal employs approximately 2,000 staff and its shares are quotedon the London Stock Exchange (TRB). Links: Tribal Group plc website: www.tribalgroup.co.uk This Statement has been prepared for and is addressed only to our shareholdersas a whole and should not be relied on by any other party or for any otherpurpose. Tribal, its directors, employees, agents or advisers do not accept orassume responsibility to any other person to whom this Statement is shown orinto whose hands it may come and any such responsibility or liability isexpressly disclaimed. This Statement may contain forward-looking statements. Any forward-lookingstatement has been made by the directors in good faith based on the informationavailable to them up to the time of approval of this Statement and should betreated with caution due to the inherent uncertainties, including both economicand business risk factors, underlying such forward-looking information. To theextent that this Statement contains any statement dealing with any time afterthe date of its preparation, such statement is merely predictive and speculativeas it relates to events and circumstances which are yet to occur and thereforethe facts stated and views expressed may change. Tribal undertakes no obligationto update these forward-looking statements. This information is provided by RNS The company news service from the London Stock Exchange