Shearwater Regulatory News (SWG)

29 Oct 2009 07:00



29 October 2009

SCOTT WILSON PRE-CLOSE STATEMENT

Scott Wilson Group plc ("Scott Wilson" or "the Group"), the international design and engineering consultancy for the built and natural environments, today issues a pre-close statement prior to the announcement of the Group's Interim Results for the 26 weeks ending 1 November 2009, due to be announced on 15 December 2009. 

The Group's proven ability to provide integrated services globally continues to see Scott Wilson achieve significant success across a broad range of major opportunities. In addition, we are benefiting from our new management structure in maximising the Group's involvement in the higher growth market sectors identified in our business plan. This is demonstrated by a number of recently reported project wins including major design packages for Crossrail, the Hong Kong MTR, the Mersey Tidal Barrage Study and more recently the £8 million Odra River Basin Flood Study in Poland. There have also been notable successes in securing major road and rail work in Serbia, Mozambique and India.

During the first half of the year the financial performance of our Joint Ventures has been better than initially foreseen. This largely reflects the Group's prudent approach to profit recognition and, although final settlements are yet to be agreed, the Group's share of the profits from the Joint Ventures at the half year is now expected to be at least £2m. As a result, the Board anticipates reporting interim results ahead of current market expectations.

~Ends~

Scott Wilson Group plc

Scott Wilson Group plc is a global integrated design and engineering consultancy for the built and natural environments. With its headquarters in the UK, the Group has a worldwide network of 80 offices and over 6,000 employees. Scott Wilson offers strategic consultancy and multi-disciplinary professional services in the Railways, Buildings & Infrastructure, Environment & Natural Resources and Roads Sectors.

www.scottwilson.com