ARL.L Regulatory News (ARL)

16 Apr 2007 07:01

SMC Group Plc16 April 2007 SMC Group Plc ('SMC' or the 'Group') New contract wins SMC Group Plc, the architects and design business, announces that further to its Preliminary Results statement on 11 April 2007 it is pleased to issue additional details of the construction value and new fees contracted since its previous announcement in November 2006. The following represents a selection of the projects contributing to a total construction value of over £0.8bn and stage fees for SMC in excess of £18m to be earned over the next few years. All of this is derived from existing businesses as no acquisitions were completed in the period. These contract wins underpin the management's positive view on the Group's trading position and also their confidence in the outlook for 2007. Mixed Use Developments * £25m Nursing/Residential, The Mount, Bishopstoke * £3m Retail/Residential, Bridport Road, Dorchester * £125m Industrial/Hotel/Restaurant, Pontefract lane, East Leeds Offices/Business/Science Parks * £14.5m confidential offices fit-out programme, East Anglia * £75m Redhayes Science Park * £12m Offices/industrial, Lingfield, Walsall for Abacus/Oakham * £58m Data Collection/Assimilation, J1 Business Park, Midlands Industrial/Distribution * £3m South Yard Enclave, Plymouth * £10m Matfork park Phases 1 and 2, industrial/offices * £2m Site 'F', Osprey Quay, Plymouth Residential * £40m Vanke Residential, waterfront complex, Shanghai * £10m 110 flats at Granton Harbour, Edinburgh * £10m Kernick Farm Residential Development Retail * £100m new build shopping centre, Raffles City, Hangzhou, China * £25m shopping centre refurbishment, Singapore Government: Healthcare/Education/Ecclesiastical/Courts/Custodial * £8.5m Midlands Arts Centre * £18m South Bristol Skills Academy * £17m Canterbury College Redevelopment * £47m Hastings College Redevelopment * £3.6m 78 bed unit care home for elderly, Grandholm, Aberdeen * £0.07m Refurbishment, Hunslet Health Centre, Leeds Sport & Leisure * £40m casino and leisure attraction, Macau * £4.5m Feasibility for swimming pool, University of Essex * £5m Whitley Bay Playhouse Theatre, North Tyneside Council New business continues to be generated in many different sectors across the UK. International work continues to flow into SMC Alsop in the Far East and North America although the company remains selective about the contracts it pursues. - ends - For further information please contact: SMC Group Plc Tel: +44 (0)20 7495 5335Robert Boardman/Gordon Watson Numis Securities Tel: +44 (0)20 7776 1500Emma Tod/James Serjeant Bell Pottinger Corporate & Financial Tel: +44 (0)20 7861 3232David Rydell/Geoff Callow/Chris Hamilton Notes to Editors SMC Group Plc is the holding company for a group of architects and designers. It has established expertise in a broad range of sectors, including residential, retail, industrial, workplace, transportation, leisure and education. The Company's core strategy is to create an architectural group with the scale and expertise to access the most profitable schemes across a range of sectors and geographical locations. The Group intends to focus on its organic growth, increasing its share of the UK market and securing larger, higher margin projects. The Group plans to continue to complement this organic growth with earnings-enhancing acquisitions in order to consolidate it's geographic and sector coverage. On 11th April the Group announced preliminary results for the year to end December 2006, showing that turnover had grown by 131% to £31.3m, profit before tax and amortisation of £2.7m and EBITDA increased by 20% to £4.1m. This information is provided by RNS The company news service from the London Stock Exchange