RTC Group trading disrupted in Q2 by Covid-19 lockdowns

Recruitment business RTC Group warned on Wednesday that it had experienced disruption during the second quarter as a result of the Covid-19 pandemic.

RTC said it had continued to provide contract workers to the infrastructure and railway transportation sectors, albeit at a reduced level to that seen in the second quarter.

However, general recruitment in the UK and smart-meter installation activities were "significantly impacted" by the lockdown and its hotel and conference centre remained closed in line with Downing Street's instructions. Internationally, RTC's activities remained "largely unaffected".

But RTC said the number of contract workers required in the infrastructure and railway transportation sectors were expected to increase in the third quarter, while smart-meter installation activity was also anticipated to recommence.

"The board still believe that it is too early to quantify the impact of Covid-19 on revenues and operational profits for the full calendar year 2020," said RTC, which will publish its interim results for the six months ended 30 June on or around 3 August.

As of 1030 BST, RTC shares were down 4.82% at 39.50p.