7 Aug 2017 07:00
7 August 2017
Premier Technical Services Group PLC
("PTSG" or the "Group")
TRADING UPDATE AND NOTICE OF RESULTS
Trading in line with expectations with positive outlook
PTSG, the niche specialist services provider, is pleased to announce the following trading update ahead of its interim results for the six months ended 30 June 2017, which will be issued on Tuesday, 26 September 2017:
The Group has previously announced that it was performing well in the first half. This performance has continued, PTSG has noticed an increase in compliance awareness among our 17,000 customers and we have experienced continuing sales growth and strong levels of orders in the year to date.
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.
The integration of BEST, which was acquired early in July 2017 to enhance PTSG's number one market position in the lightning protection market, has started well and is progressing to plan. We have begun to drive additional operational efficiencies and opportunities for cross selling new and existing services to the enlarged customers base. Nimbus Lightning Protection Ltd, which was acquired in January 2017, has been fully integrated into the Electrical Services division and is performing in line with our expectations.
In the first few weeks of the second half, the Group is trading in line with expectations for the full year as recently upgraded for the BEST acquisition. The directors look forward to providing a full update on the Group's progress in the interim results announcement in September.
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 600 people across 17 UK sites, who service more than 150,000 buildings across the whole of the UK for over 17,000 customers in a wide range of industries. The Company is listed on the LSE AIM (PTSG.L)