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Pre-close update

1 Jul 2008 07:00

RNS Number : 9451X
Interior Services Group PLC
01 July 2008
 



ISG PLC

('ISG)

Pre-close trading update

The Board of ISG is pleased to report that trading for the year ended 30 June 2008 has been

in line with our expectations and the preliminary results, to be published on 9 September

2008, will show another year of substantial progress. The results reflect the success of our

strategy of diversifying the group by activity, sector and geography.

In the UK, in London, we remain positive about prospects for major projects following our

two large wins; the Velodrome for the London 2012 Olympics and the fit out of KPMG's new

offices in Canary Wharf. However we are more cautious about the prospects for smaller

commercial fit out. In the regions, we have deliberately positioned ourselves in less cyclical

sectors such as education and public sector frameworks. In retail, we remain focused on the

major food retailers and banks where we continue to expand by gaining market share.

The international businesses have continued to grow in both Europe and Asia on the back of

expansion by our major corporate clients. We will also continue to expand our businesses in

these regions by acquisition and joint ventures.

At the year end, our order book is in excess of £1 billion (June 2007: £0.8 billion), of which

over £700 million relates to the financial year ending June 2009.

1 July 2008

Enquiries

Interior Services Group PLC

David Lawther, Chief Executive

020 7392 5307

Jonathan Houlton, Group Finance Director

020 7392 4905

College Hill

Matthew Smallwood 

Adam Aljewicz

020 7457 2020

Numis

Michael Meade

020 7260 1000

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