The ReThink Group Plc, 2012 Earnings Call, Apr 29, 2013

The ReThink Group Plc reported consolidated earnings results for the year ended December 31, 2012. For the period, the company reported revenues of £91,201,000 compared to £78,898,000 a year ago. Earnings before interest, tax, depreciation and amortization were £193,000 compared to £2,313,000 a year ago. Loss from operations was £512,000 compared to profit from operations of £2,053,000 a year ago. Loss before taxation was £755,000 compared to profit before taxation of £2,529,000 a year ago. Loss for the year was £748,000 or 0.678 pence per diluted share compared to profit for the year of £2,154,000 or 2.137 pence per diluted share a year ago. Net cash used in operating activities was £3,448,000 compared to net cash generated from operating activities of £53,000 a year ago. Purchase of property, plant and equipment was £242,000 compared to £163,000 a year ago. Purchase of intangible assets was £84,000 compared to £46,000 a year ago. Adjusted basic loss per share before separately identifiable items of 0.436 pence compared to 1.422 pence a year ago. Revenue for the year grew by 15.6% driven by growth in contractor numbers and in permanent placements. EBITDA per share for the year was 0.175 pence compared to 2.383 pence a year ago.

The ReThink Group Plc provides earnings guidance foer the year 2012. For the year, the company expects that due to increased investment in the business at the outset of 2012, the Group to report a loss for the year.