11 Aug 2016 07:00
11 August 2016
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 2016, which will be issued on Tuesday, 27 September 2016:
The Group has previously announced that it was performing well in H1, delivering record results, substantial organic growth and securing a number of new notable contract wins. This strong performance has continued and the political events of recent weeks do not appear to have had any adverse effect on the Group's ability to secure contract wins. Two recent substantial contract wins, signed in the last two weeks by the Group's Access Installation division for a combined order value of £2.5m, have further strengthened an already healthy order book in this construction related area for 2017 and 2018 and the Group's testing and maintenance activities continue to see strong work and order levels.
The integration of the two UK Dry Riser businesses acquired early in July 2016 is progressing to plan and, although H2 has just started, the Group is trading in line with recently upgraded market expectations for the financial year ending 31 December 2016. 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
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N+1 Singer | +44 (0)20 7496 3000 |
Sandy Fraser / James White
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Hudson Sandler | +44 (0)20 7796 4133 |
Cat Valentine / Katie Cohen |
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About PTSG - www.ptsg.co.uk
PTSG 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 300 people across 13 UK sites, who service more than 100,000 buildings across the whole of the UK for over 10,000 customers in a wide range of industries.