RPS Group PLC - Notice of Q2-2020 Trading Update & COVID-19 update
For immediate release
('RPS' or the 'Group')
Notice of Q2-2020 Trading Update and COVID-19 update
RPS, a leading multi-sector global professional services firm, today announces it will issue a Trading Update for the period ending
Announcement of the Group's Half Year Results for the six months ending
RPS' priority remains the welfare of its colleagues and clients. We continue to monitor government guidance in all the countries in which we operate to ensure the safety of our colleagues around the world as we continue to satisfy continuing client demand for our services.
As previously announced, RPS has taken prudent steps to reduce costs and contain cash outflow. These have included cancelling the 2019 final dividend, suspending planned work on the ERP system, deferring 2020 salary increases and 2019 senior leadership bonuses, temporary reductions in pay or hours or placing employees on furlough, and ceasing all non-essential capex and discretionary operating expenditure.
Today RPS provides the following update for April and
Net bank borrowings
Revolving credit facility ('RCF')
· The further
· RPS generates over 50% of Fee Revenue from government or quasi-government work and colleagues continue to work effectively from a mix of office, home and client environments. This has and continues to provide some resilience to the impact of COVID-19 on the Group.
· As anticipated, Fee Revenue in April and
· The Q2-2020 Trading Update in July will provide commentary on segment performance for the quarter.
As announced on
- Ends -
For further information:
| || |
Tel: +44 (0) 1235 863 206
| || |
Tel: +44 (0) 20 7466 5000
Notes to Editors
Founded in 1970, RPS is a leading global professional services firm of 5,000 consultants and service providers. Having operated in 125 countries across six continents RPS defines, designs and manages projects that create shared value for a complex, urbanising and resource scarce world.
RPS delivers a broad range of services in six sectors: property, energy, transport, water, defence and government services and resources. Services provided across RPS' six sectors cover twelve service clusters: project and programme management, design and development, water services, environment, advisory and management consulting, exploration and development, planning and approvals, health, safety and risk, oceans and coastal, laboratories, training and communications, creative & digital services.
RPS stands out for its clients by using its deep expertise to solve problems that matter, making them easy to understand. Making complex easy.
This information is provided by RNS, the news service of the
Quick facts: RPS Group
Market Cap: £104.98 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE