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Norman Broadbent Plc

Norman Broadbent returns to profit

Ahead of its annual general meeting later today, Norman Broadbent Plc (LON:NBB), a leading London listed Professional Services firm offering a diversified portfolio of integrated Leadership Acquisition & Advisory Services (Board & Leadership Search, Senior Interim Management, Research & Insight, Leadership Consulting & Assessment, and executive level Talent Solutions), today provided the following short unaudited trading update relating to the six months ended 30 June 2019.

At the AGM, Mike Brennan, Group CEO of Norman Broadbent, will make the following statement:

“I am pleased to report that the first 6 months of the year have seen continued positive top line growth and have resulted in the company recording a small profit before tax.

The return to profitability in H1 is an extremely important milestone for the Group. These results validate our strategy of building a more diversified business supplying high value services to our clients. As we build a disruptive, market leading Professional Services business, we continue to attract, and invest in, high-quality Talent keen to join us on our journey.

On achieving this milestone, I would like to again thank my colleagues for their hard work, innovation and commitment, our clients for placing their continued trust in us, and our supportive shareholders.”

Additionally, Will Gerrand, Group CFO & COO, will make the following statement:

“Our diversification strategy has created a more agile and balanced Group offering a range of consulting, research-related, and high-quality fully-retained Talent Acquisition solutions to our clients. The Group posted a small profit before tax for H1 2019, and, looking ahead, can see a diversified business pipeline going into H2. ”  

The Group intends to release its unaudited interim results relating to the six months ended 30 June 2019 during the course of September 2019.

Norman Broadbent is holding its AGM at 10.00 am today on the 10th Floor, Portland House, Bressenden Place, London SW1E 5BH.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.