17 Dec 2008 07:00
GSH Group plc
('GSH' or 'the Group')
AGM Statement
At today's Annual General Meeting of GSH, Rob Painting, interim non-Executive Chairman, will tell shareholders:
"The year to 31 July 2008 was another record year for GSH as we achieved healthy organic growth across all operating divisions. Underlying profit before tax for the year increased 37% to £11.1m on sales up 27% to £200.4m.
Since the year end we have secured new contracts with AstraZeneca, RSA, Norwich Union/Aviva, RBS, SCS, Commerzbank and Valad and our order book stands at a record £777 million compared with £757 million at year end.
At a corporate level we continue to seek appropriately qualified non-Executive Directors to add industry and international experience to the Group.
Whilst the medium term impact of the global macro-economic slowdown cannot be predicted with any degree of certainty, and GSH would not be immune to it, current trading remains in line with expectations and the Group has not experienced any significant adverse effects. We are an internationally diverse business providing services for which there is continued demand. This is a firm foundation for continued organic growth."
-ends-
For further information, please contact:
GSH Group plc
Rob Painting Tel: 07973 309 458
Bell Pottinger Corporate & Financial
Ann-Marie Wilkinson / Nick Lambert Tel: 020 7861 3232
KBC Peel Hunt
Julian Blunt Tel: 020 7418 8912