Styles & Wood Group Regulatory News (STY)

21 May 2007 07:00

Styles & Wood Group PLC21 May 2007 21 May 2007 Styles & Wood Group PLC ("Styles & Wood" or the "Group") AGM Statement Styles & Wood, the leading provider of retail property services to premier UKretailers, will provide the following update on trading at its Annual GeneralMeeting today. 2006 was an excellent year for Styles & Wood. In November, the Group completed asuccessful flotation on the London Stock Exchange, raising £16m net of expensesgiving the company a market capitalisation on listing of £97 million. 2006 alsosaw Styles & Wood deliver its thirteenth year of consecutive growth, withrevenue and profit before tax up 57% and 84% respectively. This strong performance has continued into the current financial year and allfour divisions are performing well. Since the year end, our opening andprojected order books have grown in line with expectations as we have attractednew customers and bolstered existing framework arrangements. Ourmarkets continue to provide strong growth opportunities and demand for ourservices remains high, particularly among the department stores, food retailersand retail banks. We remain focused on building on our well earned reputation for high qualityservice delivery among the premier league retail customers and are confident ofdelivering further good growth this year. - Ends - Enquiries: Styles & Wood Group plc Tel: 0161 926 6000Gerard Quiligotti, Executive ChairmanNeil Davies, Chief ExecutiveGraham Clark, Director of Finance Financial Dynamics Tel: 020 7831 3113Billy Clegg / Susanne Walker Notes to Editors: Styles & Wood employs approximately 400 staff and operates from four officeslocated in Altrincham (its headquarters), London, Nottingham and Milton Keynes. Styles & Wood provides its store development services to premier UK retailersthrough four distinct divisions: StoreFit is the Group's core operation and the UK's leading fit-out business tothe retail sector in revenue terms. The division provides project management andimplementation services for new store fit-out, existing store refurbishment andextension programmes to its customers typically through long term frameworkarrangements. StorePlanning is Styles & Wood's retail design development division providing arange of services including surveying, space planning, design development andarchitectural services. StoreCare provides project management solutions that support retailers in theuse of their store portfolio once the new store or store refurbishment becomesoperational including planned maintenance, new merchandising layouts andpromotional activities. StoreData provides retailers with technology based property informationsolutions that can manage significant amounts of data about their propertyportfolios, including the provision of online information on design standards,cost and programme tracking. Styles & Wood floated on the London Stock Exchange in November 2006. For further information please visit the company website,www.stylesandwood.co.uk This information is provided by RNS The company news service from the London Stock Exchange