1st Jul 2008 07:00
ISG PLC
('ISG)
Pre-close trading update
The Board of ISG is pleased to report that trading for the year ended 30 June 2008 has been
in line with our expectations and the preliminary results, to be published on 9 September
2008, will show another year of substantial progress. The results reflect the success of our
strategy of diversifying the group by activity, sector and geography.
In the UK, in London, we remain positive about prospects for major projects following our
two large wins; the Velodrome for the London 2012 Olympics and the fit out of KPMG's new
offices in Canary Wharf. However we are more cautious about the prospects for smaller
commercial fit out. In the regions, we have deliberately positioned ourselves in less cyclical
sectors such as education and public sector frameworks. In retail, we remain focused on the
major food retailers and banks where we continue to expand by gaining market share.
The international businesses have continued to grow in both Europe and Asia on the back of
expansion by our major corporate clients. We will also continue to expand our businesses in
these regions by acquisition and joint ventures.
At the year end, our order book is in excess of £1 billion (June 2007: £0.8 billion), of which
over £700 million relates to the financial year ending June 2009.
1 July 2008
Enquiries
|
Interior Services Group PLC |
|
|
David Lawther, Chief Executive |
020 7392 5307 |
|
Jonathan Houlton, Group Finance Director |
020 7392 4905 |
|
College Hill |
|
|
Matthew Smallwood Adam Aljewicz |
020 7457 2020 |
|
Numis |
|
|
Michael Meade |
020 7260 1000 |
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