Sign In
7 Jan 2009 07:00
Cape plc ("Cape" or the "Group")
Pre- Close Trading Statement
Cape, the international provider of essential support services to the energy and natural resources sectors, issues the following update for the year ending 31 December 2008.
The Group's strong top line performance has continued over the second half of the year and results for 2008 will be in line with management expectations. The integration of the Australian acquisition remains on track.
Higher levels of activity over the final quarter combined with adverse currency movements (Australian $) have resulted in the Group narrowly missing its debt reduction target of £30m. However, operating cash flow over the year has been satisfactory.
The announcement of the preliminary results for the year will be made on 19 March 2009.
Contacts:
Numis Securities Limited Tel: +44 (0)20 7260 1000
John Harrison, Nominated Adviser
James Serjeant, Corporate Broker
Merrill Lynch Tel: +44 (0)20 7628 1000
Andrew Tusa, Corporate Broker
Follow the stocks
