road to recovery19 Nov 2012 07:53
"the fundamental, underlying strength of the Lamprell business and its on-going competitive advantage in the marketplace is as strong as it ever has been."
"In the short-to-medium term, the Group's order book of secured contracts is expected to support the business' recovery through to the end of 2013. Longer-term, the Company is encouraged by the strong bidding activity across the business with the pipeline totalling more than US$4.0 billion. With that in mind, the Company expects 2013 to be a recovery year, with revenue broadly flat compared to 2012 and a gradual return to profitability during the year."