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RTC Group Expects Growth In Q1; Sees Margin Impacts In Rail, Energy Sectors; Stock Down

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

RTC Group Plc (RTC.L) said in its latest trading update for the first quarter that there was improved trading activity and cash generation during the three months, alongside six contract wins.

The company, which offers recruitment services in the UK, predicts margin pressure in its Rail and Energy divisions due to increased fuel costs, geopolitical tensions, and lower demand for temporary labour from manufacturing clients affected by higher energy prices.

The company said that the permanent recruitment market continues to face lower vacancy levels, which are at their lowest point since 2021. RTC Group said that the interim results will be published on or around July 27.

On the LSE, RTC.L is down 4.5 percent on Wednesday's trading at 117.00 pence.

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