Arrows Group Global release trading update with increase to £80m revenues
Arrows Group Global, the international workforce solutions provider, releases trading update for the full year ended 31st March 2015. The Board is pleased to confirm that the Group revenues for the full year grew to £80.5m, representing a 74.5% increase on the previous year (£46m); NFI increased to £18.5m; with group operating profit increasing by 100% to in excess of £5.5m for the year.
During the year the Group continued to make significant investments in future growth and followed its global expansion plan by opening new offices in India and Germany. Global headcount has increased from 150 to over 240.
Founders, Adrian Treacy and James Parsons, commented, “Looking ahead we continue to follow our strategy of globalising the business to reflect the increasing need to support our customers internationally. It has been a transformational year and we would like to thank both the ICG Medical and Arrows Group Global boards and staff for their commitment and professionalism over the past 12 months”.
The Group continues to gain momentum with current run rates forecasting sales in excess of £100m for the 2015/16 financial year.