19th Oct 2015 06:48
LONDON (Alliance News) - Lakehouse PLC on Monday said trading for the year to the end of September was in line with its expectations and that its outlook for the new financial year is robust.
Lakehouse said trading was in line with its expectations for the financial year to September 30, with underlying cash conversion in line and the group ending the year cash-positive after making a series of acquisitions in the second half.
The company said the integration of the H2O, Providor, Orchard Energy and Sure Maintenance businesses it has acquired are going well, with progress made by the management teams on developing cross-selling strategies.
Lakehouse said it has kicked-off the new financial year with a good sales pipeline and order visibility in place, with a number of contract wins secured in the second half.
"We are pleased to announce that our performance during the period has been positive and that the full year results are in line with management's expectations," said Stuart Black, Lakehouse's executive chairman.
By Sam Unsted; [email protected]; @SamUAtAlliance
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