31st Mar 2016 08:45
LONDON (Alliance News) - Project management and technical consultancy WYG PLC on Thursday said its results for its financial year to the end of March will meet market expectations.
WYG said it performed well in the second half, with continued strong trading in its UK business, driven by public and private sector contract wins.
WYG said its international operations also did well, with contracts won in its Middle East and Europe, Africa and Asia businesses in the year.
The company expects its order book at the close of the year to be in excess of GBP140.0 million, up 33% year-on-year, providing confidence for further growth in its 2017 financial year.
"Our strong organic performance in the UK, augmented by recent acquisitions, and our successful conversion of a healthy pipeline of international opportunities leaves us with a record order book as we enter 2017," said Chief Executive Paul Hamer.
"This validation of the group's strong market positions and capabilities across all three of our regions further underpins our expectations of significant growth and our confidence in market forecasts for 2017," he added.
WYG shares were up 1.5% to 135.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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