Sign In
21 Feb 2019 07:00
21 February 2019
Premier Technical Services Group PLC
("PTSG" or the "Group" or the "Company")
Statement re share price movement
Trading update
Premier Technical Services Group PLC, the niche specialist services provider, notes the share price movement in recent weeks and confirms that it is not aware of any reason for such a movement.
As detailed in the announcement on 21 January 2019, results for the year ended 31 December 2018 are anticipated to be in line with the Board's expectations.
Net bank debt at 31 December 2018 was £11.9m (2017: £18.3m). Underlying trading cash conversion improved to 72% (2017: 65%) despite the working capital effect of underlying organic turnover growth during 2018 of 19%. The period benefitted from strong cash collection and improved debtor days on invoiced sales that equated to 88 days at the year end (2017: 97 days).
Trading during the first six weeks of the current year has been strong, and recent acquisitions are performing in line with management expectations.
The Company looks forward to providing more detail with its final results announcement on 26 March 2019.
For further information, please contact:
PTSG | +44 (0)1977 668 771 |
Paul Teasdale, Chief Executive Officer
| |
Numis | +44 (0)20 7260 1000 |
Stuart Skinner Kevin Cruickshank Michael Burke
| |
Hudson Sandler | +44 (0)207 796 4133 |
Charlie Jack Hattie O'Reilly |
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, steeplejack and rope access services and fire solutions.
Operating through four divisions, Access & Safety, Electrical Services, Building Access Specialists and Fire 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 1,200 people across 31 UK sites, who service more than 180,000 buildings across the whole of the UK for over 20,000 customers in a wide range of industries. The Company is listed on the LSE AIM (PTSG.L)
Follow the stocks
