31st Oct 2013 12:35
LONDON (Alliance News) - Management Consulting Group PLC Thursday said its operating units are continuing to perform towards the lower end of expectations, but said a pickup in the order book for Alexander Proudfoot is encouraging and Kurt Salmon is seeing signs of stabilisation in France.
The company said that it still expects an improved a better performance in the current half of the year than in the first half, even though some recent project wins will not deliver revenues until 2014.
It said its Alexander Proudfoot business is continuing to win strong orders, while it should report second-half revenues broadly in line with those a year earlier.
Its Kurt Salmon business, meanwhile, which was hit hard by weakness in France in the first half, has now seen signs of stabilisation in that market, although no signs yet of a recovery. Its performance in other European countries, North America and Asia, has been encouraging and its order book is stronger than at the same point last year.
Management Consulting Group Shares were down 4.9% at 24.50 pence Thursday midday.
By Steve McGrath; [email protected]; @stevemcgrath1
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