25th Mar 2014 11:40
LONDON (Alliance News) - Design services firm Aukett Fitzroy Robinson Group PLC said Tuesday that it continues to win new commissions, and it looks forward to the rest of the financial year with confidence as the economic backdrop improves.
In an annual general meeting statement to shareholders, the architectural and interior design company said there is a continuing bias towards the number of commissions being won in the UK regions, supported by the re-emergence of activity in the wider UK property development sector.
The company also said that the integration of its newly acquired business Swanke Hayden Connell Europe Ltd, a large firm of architects and interior designers it acquired for GBP1.58 million last December, is proceeding as anticipated. It said it expects property costs savings to be made in due course, although it said the savings will be partially offset in the short term by integration costs.
The group has offices in Europe, the Middle East and Russia.
It said it expects to report its interim results for the six months ended March 31 in late June.
Shares in Aukett Fitzroy Robinson were trading at 7.65 pence Tuesday morning, up 3.7%.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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