James Fisher and Sons Regulatory News (FSJ)

16 July 2019

James Fisher and Sons plc (FSJ.L)

Contract wins

Renewables

James Fisher and Sons plc ("James Fisher" or "the Group") announces a number of recent contract awards in the offshore renewable energy sector with a combined value of circa £30m.

Work continues on the East Anglia One windfarm construction and James Fisher has been awarded phase 2 of the unexploded ordinance work and boulder clearance, as well as met mast (measurement tower) decommissioning. This is in addition to providing ongoing construction support services and marine co-ordination and communications services for the project.

On the Moray East, James Fisher has been awarded a contract for marine coordination and communication and its work on site preparations continues at Innogy's Triton Knoll Offshore Wind Farm with a new contract for unexploded ordinance work and boulder clearance.

James Fisher has also been awarded an initial contract in Taiwan for unexploded ordinance and survey work and structural monitoring, as well as consultancy work for its high voltage engineering specialist business, EDS.

As previously announced in our May trading update, EDS has been awarded a 15-year operations and maintenance contract for offshore transmission (OFTO) assets at Greater Gabbard in Lowestoft, Suffolk.

Tankships

Our Tankships division has purchased the Raleigh Fisher, a 35kT tanker, for £9m, on award of a five- year contract from the Ministry of Defence to support the Royal Navy's fuelling requirements.

Nick Henry, Chief Executive Officer of James Fisher, commented:

"Our continued success in renewables is testament to the Group's expertise, and the investment we have made in the sector in recent years. We are committed to being part of driving operational efficiencies in the renewables industry and continue to see significant opportunities for James Fisher."

"The investment in the Raleigh Fisher further develops the services provided to the Ministry of Defence and the recent contract win represents a significant award for our Tankships division." 

Half year results

The provisional date for the announcement of the half year results is 28 August 2019.

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