Styles & Wood Group Regulatory News (STY)

16 Apr 2008 17:10

Styles & Wood Group PLC16 April 2008 Styles&Wood Group PLC ("Styles & Wood" or the "Group") Trading Update Styles&Wood, the leading provider of retail property services to premier UKretailers, provides the following update on trading. In the first quarter of 2008, we have seen a tough market environment for ourpremier league UK based customers. The Styles&Wood team is responding well tothe challenging market conditions and the Board is pleased to report that theSecured Order Book as at 31 March 2008 has grown satisfactorily, with over 60%of the market expectation for revenue in 2008 secured. Having started the yearwith an Opening Order Book of £137m, Styles&Wood entered the second quarter ofthe year with a Secured Order Book of £201m. As indicated at the time of thepreliminary results on 28 February 2008, trading suggests that 2008 will have asecond half weighting similar to that delivered in 2004, 2005 and 2006.i.e 40%:60% first half versus second half. ENQUIRIES: Styles & Wood Group plcGerard Quiligotti, Executive ChairmanNeil Davies, Chief Executive Tel: 0161 926 6000Graham Clark, Director of FinanceFDBilly Clegg / Georgina Bonham Tel: 020 7831 3113 NOTES TO EDITORS Styles & Wood employs approximately 420 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 Official List of the London Stock Exchange inNovember 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