Impact Executives announce Results of Interim Management Statement

(22nd June 2010)

Impact Executives in pleased to announce the results of the first Harvey Nash interim management statement for the financial year ending 31 January 2011. The early indications are encouraging - with the demand for interim managers steadily recovering.

The statement can be viewed here.

The statement reveals that:

• Group's revenue was 4% below that of Q1 last year with gross profit 6% below the same period
• Profit before tax was broadly similar in the quarter ended 30 April 2010 compared to the same period in 2009 (excluding prior year non recurring items) reflecting the benefits of cost saving initiatives in the previous year
• Quarterly gross profit declined steadily throughout 2009 but stabilised in the final quarter. However, in Q1 of the current financial year, gross profit rose by 6% on the final quarter of the year ended 31 January 2010.

The statement adds: "As demand recovers, we believe there will be increasing opportunities for organisations with strong brands and market leadership. Early indications are encouraging. The group's marketshare has increased during the downturn and as a result we are confident the business is well placed to continue to benefit from these gains."

About Harvey Nash Group plc

Harvey Nash, a global professional recruitment consultancy and IT outsourcing service provider, is committed to delivering the very best talent and IT solutions to a broad base of international clients. The Group is a trusted advisor to some of the world's leading business, governments and institutions. Operating from 35 offices covering the USA, Europe and Asia, its talented professionals pursue the highest levels of integrity and quality in providing a unique portfolio of services: executive search, interim management, IT and finance recruitment and IT outsourcing

www.harveynash.com

About Impact Executives

Impact Executives is part of the Harvey Nash Group - a leading interim management provider to organisations of every size in the UK and globally. For further information on Impact Executives, please contact:

Christine de Largy,
Impact Executives,
13 Bruton Street,
London,
W1J 6QA,
United Kingdom.
Tel: +44 (0) 20 7314 2003
Email: christine.delargy@impactexecutives.com

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