29th Mar 2007 10:38
Scottish & Southern Energy PLC29 March 2007 SCOTTISH AND SOUTHERN ENERGY PLC SALES PERFORMANCE OF SOUTHERN ELECTRIC CONTRACTING Southern Electric Contracting (SEC), the mechanical and electrical contractingsubsidiary of Scottish and Southern Energy plc ("SSE"), will end the financialyear with an order book in excess of £90m for the first time. The order book has been supported by significant contract wins with a number ofleading organisations such as Marks and Spencer, Texaco and IBM. The announcement was made as SEC hosted a customer seminar in London on thedevelopment of low carbon buildings. SSE's financial year will end on 31 March 2007 and it expects to report anotherincrease in operating profit in its Contracting, Connections and Meteringactivities in its preliminary results on 31 May. They delivered £47.0m operatingprofit* in 2005/06. SEC is involved in industrial, commercial and domestic mechanical and electricalcontracting, electrical and instrumentation engineering and public and highwaylighting. One of the largest mechanical and electrical contracting businesses in the UK,it operates from 55 regional offices throughout Great Britain and trades asSWALEC Contracting in Wales, Scottish Hydro Electric Contracting in Scotland,and Eastern Contracting in the east of England. It employs 3500 people and recruited 94 apprentice electricians during 2006 andexpects to recruit a further 200 apprentices during 2007. Speaking at the seminar, Ian Marchant, Chief Executive of SSE, said: "Our mechanical and electrical contracting business employs more people than anyother part of SSE, and is a genuinely national business with activitiesthroughout the country. Over the years it has built up a strong track recordwhich has enabled it to retain existing customers and attract repeat businessand win new customers and attract new business." Adrian Pike, Group Managing Director of SEC, said: "I am confident that SEC is well-placed to deliver further growth in the yearsahead, and the development of low carbon buildings is an example of where newbusiness opportunities will arise, with SEC now the preferred installer forSolarcentury. Our past success has been founded on delivering first classcustomer service, and that's where our future success lies as well." * This excludes £3.4m of operating profit from Thermal Transfer, which was soldon 31 March 2006. Press Office Contact: 0870 900 0410 Denis Kerby and Sharron Miller McKenzie This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SSE