Shearwater Regulatory News (SWG)

11 Mar 2008 07:00

Scott Wilson Group plc11 March 2008 11 March 2008 Scott Wilson Group plc Interim Management Statement Scott Wilson Group plc ("Scott Wilson" or "the Group"), the internationalconsultancy offering integrated professional services in the transportation,property, environment and natural resources sectors, issues its InterimManagement Statement for the period from 1 November 2007 to date. Trading Market conditions have remained favourable during the third quarter in theGroup's core market segments and all divisions have continued to take advantageof this positive trading environment. Strong demand across both the domestic andinternational businesses has been reflected in a good flow of new contractawards. As a result, the Board remains confident of achieving results for the full yearin line with expectations. Looking beyond the financial year-end, the Group seesstrong demand continuing in its core markets, both in the UK andinternationally. The Group continues to identify opportunities to supplement its strong organicgrowth with value-enhancing acquisitions. Net group borrowings remain modest,providing headroom for those acquisition opportunities, which fit the Group'sstrict commercial and financial criteria. The Group intends to issue a pre-close update for the year ended 27 April 2008on 7 May 2008. Board of Directors The Board is pleased to announce that Hugh Blackwood, currently joint ChiefExecutive, will become Group Chief Executive with effect from 1 May 2008. RonWall, presently joint Chief Executive, will step down from the Board on the samedate. This change marks the next step in the transition of executive managementresponsibility from the pre-flotation Board structure to the next generation ofbusiness leaders. Following the appointment of Sean Cummins as Group Finance Director on 1 October2007, the new Board structure further strengthens the executive management teamas it plans, with confidence, for the next phase of the Group's development. Ends For further information please contact: Scott Wilson Group plcGeoff French, Chairman 01256 310 200Sean Cummins, Finance Director 01256 310 200Lak Siriwardene, Head of Communications 07824 311762 Financial DynamicsCharlie Armitstead/ Charlotte Whitley 07703 330 269 / 020 7269 7291 Scott Wilson Group plc, with over 6,000 members of staff, is an internationalconsultancy offering integrated professional services in the transportation,property, environment and natural resources sectors. The Group has doubled in size over the past few years and from its UKheadquarters currently controls a worldwide network of 80 offices, of which 40are in the UK. The main international centres are located in China, Hong Kong,India, SE Asia, the Middle East, Eastern Europe and Southern Africa. www.scottwilson.com This information is provided by RNS The company news service from the London Stock Exchange