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18 May 2012 07:00
18 May 2012
Styles & Wood Group plc ("Styles & Wood" or the "Group")
Interim Management Statement
Styles & Wood Group plc, a leading UK provider of property support services tobanks, major retailers, commercial organisations and the public sector, makes the following statement on trading for the period from 1 January to 16 May 2012.
Despite a slow start to the year, the Group anticipates that results for the six months to 30 June 2012 will show improvement compared to 2011 and that performance for 2012 will be in line with market expectations.
The Group maintains strong relationships with key customers in the Banking sector and has good visibility of framework allocations which continue to be heavily weighted to the second half of the year.
Trading conditions for retail contractors remain challenging. Diversification into new sectors continues and, building on steps taken in 2011, the Group has converted further tender opportunities in the Commercial and Public Sector during the period, adding diversity and stability to the order book.
-Ends-
ENQUIRIES:
Styles & Wood Group plc Tony Lenehan, Chief Executive Officer Philip Lanigan, Group Finance Director
| Tel 0161 926 6000 |
Shore Capital Pascal Keane/ Edward Mansfield
| Tel 0207 408 4090 |
FTI Consulting Oliver Winters/Georgina Bonham | Tel 0207 831 3113 |
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