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Pre Close Trading Update

10 Oct 2013 07:00

RNS Number : 1487Q
Driver Group plc
10 October 2013
 

10 October 2013

Driver Group plc

("Driver Group" or the "Company")

Pre Close Trading Update

Driver Group, the global consultancy to engineering and construction industries, is pleased to make the following trading update ahead of the announcement of its results for the year ended 30 September 2013.

 

The Board is delighted with the Driver Group's overall performance in what has been an excellent year for the Company. Headline revenue is significantly ahead of the previous year and profit before tax is in line with management expectations. The year end net cash position is materially better than expected with year end cash expected to exceed ÂŁ1.0 million.

 

Africa, Europe and the Middle East all finished the year strongly with good forward order books for the new financial year. The recently opened Hong Kong office and potential of the Australia office provide optimism for the Asia Pacific Region following a year of investment.

 

The Board expects to announce the Group's preliminary results in mid-December 2013 and look forward to providing further information at that time.

 

 

Enquiries:

Driver Group plc

David Webster, Chief Executive

Tel: +44 (0) 1706 223999

Damien McDonald, Group Finance Director

Alan McClue, Non-executive Chairman

Tel: +44 (0) 7791 546798

Charles Stanley Securities

Nominated Adviser & Broker

Marc Milmo / Carl Holmes

Tel: +44 (0) 207 149 6000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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