19 Jun 2017 07:00
19 June 2017
Premier Technical Services Group PLC
("PTSG" or the "Group")
AGM Statement
At today's Annual General Meeting of Premier Technical Services Group PLC, the niche specialist services provider, John Foley, Chairman, will provide the following update to shareholders:
"I am pleased to report that the Group has seen continuing sales growth and strong levels of orders in the year to date. Working capital utilisation and profit levels are also in line with the Board's expectations.
"The Group has secured new contract wins across all its disciplines, including a number of multi-discipline framework agreements with new and existing customers and our contract renewal rates remain high, which underpin our organic growth plans. Nimbus Lightning Protection Ltd which was acquired in January has been successfully integrated into the Group and is contributing both at a turnover and profit level.
"The Board is confident that the business is in a strong position to continue to grow both organically and through carefully selected acquisitions, which seek to achieve sector dominance in our chosen areas of operation."
For further information, please contact:
PTSG | +44 (0)1977 668 771 |
Paul Teasdale, Chief Executive Officer
| |
Numis Securities | +44 (0) 207 260 1000 |
Stuart Skinner / Kevin Cruickshank / Michael Burke
| |
Hudson Sandler | +44 (0)207 796 4133 |
Charlie Jack |
About PTSG - www.ptsg.co.uk
Premier Technical Services Group PLC is the UK's leading provider of façade access and fall arrest equipment services, lightning protection and electrical testing, high-level cleaning and training solutions.
Operating through four divisions, Access & Safety, Electrical Services, High Level Cleaning and Training Solutions, the Group provides highly-engineered industrial products and quality services and has a substantial presence in a number of niche markets.
PTSG provides a central information service for its businesses and champions the dissemination of key information and best practice. PTSG unites its constituent businesses under one clear identity, which supports smarter working and delivers top class service to its customers.
Headquartered in Castleford, West Yorkshire, the Group employs more than 450 people across 16 UK sites, who service more than 150,000 buildings across the whole of the UK for over 15,000 customers in a wide range of industries. The Company is listed on the LSE AIM (PTSG.L)