Hydrogen Group, the UK-based specialist recruitment group, provided an update today during its Annual General Meeting.

The company said that it is performing in line with its expectations in 2019 to date, as US strength has offset weakness in its operations in Asia-Pacific and the UK.

Executive Chairman Stephen Puckett commented, “The group continues to grow and trade in line with management's expectations. The group has experienced continued strong growth in the US. This has been partially offset by weaker trading conditions in the group's APAC operations. The UK, which is the main contributor, impacted by Brexit related uncertainty dampening demand for certain skill sets.”

"The diversity of the group's global operations by geography and niche sectors have enabled it to sustain growth, giving the board confidence for 2019 and I look forward to providing a further trading update in July,” Puckett said.

Following the group’s update, Hydrogen Group last traded at £73.50, down 6.37% on the day and 13.53% below its 52-week high of £85.00, set on 8 May 2019. Based on its current share price the company has a market value of £25.65 million.