3rd Feb 2014 07:00
PHSC PLC - Trading updatePHSC PLC - Trading update
PR Newswire
London, January 31
3 February 2014 PHSC PLC ("PHSC", the "Company", or the "Group") Trading update PHSC plc, a leading provider of health, safety, hygiene and environmentalconsultancy services and security solutions to the public and private sectors,is pleased to announce an update on its performance up to the end of the thirdquarter of its financial year. Consolidated Group sales and EBITDA (per management accounts, unaudited) forthe nine months ended 31 December 2013 were as below: Group sales and other income: GBP 5,715,755 (nine months ended 31 December2012: GBP 3,856,440). EBITDA: GBP 475,378 (nine months ended 31 December 2012: GBP 362,800, adjustedfor exceptional item). Net assets stood at GBP 6,282,881 (at 31 December 2012: GBP 5,488,564)including cash at bank of GBP 180,000. Stephen King, CEO, said: "The Group's total revenues are up 48% on this timelast year, and EBITDA is 31% higher than for the corresponding period. All ofthe additional revenues and earnings arise from our two most recentacquisitions, B to B Links Limited and QCS International Limited. The remaininghealth and safety-related businesses continue to face challenging marketconditions, but taken together they still account for the majority of Groupincome and profit." "Trading was, as anticipated, noticeably lower over the Christmas and New Yearperiod, with many clients closed down for the holidays or focussing on otherpriorities. In consequence, December's sales figures were adversely affected." "The board looks forward to a strong final quarter in line with the trend inrecent years and is confident that its previous projection of EBITDA for thefull year of between GBP 700k-750k remains attainable." -Ends- For further information please contact: PHSC plcStephen King 01622 [email protected] Northland Capital Partners LimitedGavin Burnell / Edward Hutton 020 7382 1100 John Howes / Alice Lane About PHSC PHSC plc, through its trading subsidiaries Personnel Health & SafetyConsultants Ltd, RSA Environmental Health Ltd, Adamson's Laboratory ServicesLtd, QCS International Ltd, Inspection Services (UK) Ltd and Quality LeisureManagement Ltd provides a range of health, safety, hygiene, environmental andquality systems consultancy and training services to organisations across theUK. B to B Links Ltd offers innovative retail security solutions includingtagging, labelling and CCTV.
Related Shares:
PHSC