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Pin to quick picksAukett Swanke Regulatory News (AUK)

Share Price Information for Aukett Swanke (AUK)

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Trading Statement

17 May 2010 07:00

RNS Number : 9724L
Aukett Fitzroy Robinson Group PLC
17 May 2010
 

Aukett Fitzroy Robinson Group plc

 

Trading update, Contract wins and Awards

 

Trading update

 

In advance of the interim results for the six months to 31 March 2010, to be published in June 2010, Aukett Fitzroy Robinson Group Plc (the "Group"), the international practice of architects and interior design specialists, is pleased to advise that it expects first half losses to 31 March 2010 to be down 75 per cent on the prior half year loss of £1.2million (31 March 2009) at just over £300,000. This result is a smaller loss than management had budgeted for in this period.

 

More encouraging is that the Group has generated cash of circa £500,000 in the six months to 31 March 2010, thereby reducing net debt to below £1 million (net debt at 30 September 2009 £1.4 million). The monies due from the successful litigation of approximately £1.2 million are still to be collected and the timing of any collection is likely to be dependent upon the sale of the UK properties upon which the monies are secured.

 

The Group is committed to maintaining its skill base across its network of international offices during the current economic slowdown which continues to have a short term impact on financial performance.

 

Contract wins

 

The Group has won a number of new projects in London including the re-development of a residential and retail block in Covent Garden, the master-planning of a 1.2 acre site in Kensington, a West London site comprising up to 1.2 million square feet of future development space, and is currently bidding or working on a number of other significant sites in the capital.

 

We have also built upon our hotel success in the Middle East with new Marriott schemes in Russia, a fit out for Radisson Edwardian in Scotland and a new Sheraton in Germany. We have a number of other hotel schemes at the bid stage.

 

Awards

 

We are also pleased to announce that the £100 million office refurbishment at Queens Anne's Gate in the West End for Land Securities has received a coveted Breeam "Excellent" rating for environmental standards and won this year's British Council for Offices Award (London and South East region) for Regeneration and Refurbishment. Also at the British Council for Offices Awards the Head Office building and Fit-Out (£33 million) for NAPP Pharmaceuticals at the Cambridge Science Park won the Midland and Eastern region award in the Corporate and Workplace category.

 

 

Enquiries

 

Aukett Fitzroy Robinson - 020 7636 8033

Nicholas Thompson, Chief Executive Officer

Duncan Harper, Group Finance Director

 

FinnCap - 020 7600 1658

Clive Carver or Rose Herbert - Corporate Finance

Stephen Norcross or Simon Starr - Corporate Broking

 

Hermes Financial PR

Chris Steele - 07979 604687

Trevor Phillips - 07889 153628

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTKMGMKFDVGGZM
Date   Source Headline
26th Mar 200910:53 amRNSAGM Statement
2nd Mar 20097:00 amRNSAnnual Report and Accounts
13th Feb 20097:00 amRNSTrading Statement
21st Jan 200912:18 pmRNSDividend Declaration
15th Jan 20097:00 amRNSFinal Results
23rd Oct 20087:00 amRNSTrading Update
23rd Jun 20085:16 pmRNSDividend Declaration
17th Jun 20087:00 amRNSInterim Results
2nd May 20087:00 amRNSDirectorate Change
21st Apr 200811:01 amRNSHolding(s) in Company
16th Apr 20083:08 pmRNSDirector/PDMR Shareholding
4th Apr 20084:04 pmRNSDirector/PDMR Shareholding
3rd Apr 20084:06 pmRNSDirector/PDMR Shareholding
27th Mar 200810:46 amRNSAGM Statement
29th Feb 200812:53 pmRNSAnnual Report and Accounts
15th Jan 20087:00 amRNSFinal Results
27th Nov 20077:00 amRNSTrading Update
5th Nov 20072:49 pmRNSDirector/PDMR Shareholding
12th Oct 20077:01 amRNSOffer Update
12th Oct 20077:00 amRNSEnd of Merger Discussions
2nd Oct 200711:55 amRNSRule 8.1- Aukett Fitzroy Robi
25th Sep 20074:47 pmRNSRule 8.1-Aukett Fitzroy Robin
25th Sep 20077:00 amRNSTrading Statement
19th Sep 200712:36 pmRNSRule 8.1-Aukett Fitzroy Robin
13th Sep 20071:56 pmRNSDividend Declaration
17th Aug 20073:11 pmRNSCompany Website
10th Aug 20073:47 pmRNSResult of EGM
8th Aug 200712:02 pmRNSPotential merger
8th Aug 200712:00 pmRNSMerger Discussions
8th Aug 20077:00 amRNSDirectorate Change
1st Aug 20077:00 amRNSChange of Adviser
18th Jul 20075:46 pmRNSNotice of EGM
8th Jun 20077:01 amRNSInterim Results
6th Mar 20079:19 amRNSReport and Accounts & AGM
28th Feb 20077:00 amRNSTotal Voting Rights
15th Feb 20077:02 amRNSOverseas Contract Gain
14th Feb 20077:00 amRNSExercise of options
22nd Jan 20077:01 amRNSFinal Results
19th Jan 20077:00 amRNSChange of Adviser
17th Jan 20077:00 amRNSNotice of Results
29th Dec 200611:13 amRNSTotal Voting Rights
22nd Dec 20067:00 amRNSTrading Statement
21st Dec 20062:37 pmRNSIssue of Ordinary Shares
14th Dec 20064:38 pmRNSTotal Voting Rights
13th Oct 20067:01 amRNSContract Gains
6th Oct 20067:01 amRNSTrading Update
14th Sep 200610:53 amRNSShareholding
18th Jul 20067:00 amRNSResults Available
10th Jul 200612:01 pmRNSShareholding
27th Jun 20067:00 amRNSInterim Results

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