Shearwater Regulatory News (SWG)

9 May 2007 07:02

Scott Wilson Group plc09 May 2007 9 May 2007 SCOTT WILSON GROUP PLC YEAR END TRADING UPDATE Scott Wilson Group plc ("Scott Wilson" or "the Group"), the internationalconsultancy offering integrated professional services in the transportation,property, environmental and natural resources sectors, today issues a year endtrading and acquisition update prior to the announcement of its full yearresults for the year ended 30 April 2007, due to be released on 12 July 2007. Trading Update The Group has continued to make good progress in the second half of thefinancial year against a background of buoyant trading conditions in keymarkets. Accordingly, the Board is confident that it will report full yearresults ahead of market forecasts. At flotation the Group set out a clear strategy for achieving sustained growth,both organic and by acquisition. In addition to strong underlying growth, theacquisitions made since flotation are performing well and the integrationprocess is on plan. The Group has also continued to benefit from a strengthening order book,supported by a number of major contract wins previously announced during theyear, as well as several other significant contracts. As a result, the Groupalso expects to report that the secured order book at the year-end has onceagain reached a record high, creating a favourable background for furtherprogress in the year ahead. DCL Consulting Engineers Ltd. Also announced today is the acquisition of DCL Consulting Engineers Ltd., abuilding services consultancy based in Southwest England, for a maximumconsideration of £1.1m. The consideration payable on completion is £0.3m incash and £0.4m by the issue of 118,375 new ordinary Scott Wilson Group shares.The deferred consideration of £0.4m will be paid in three equal annual tranchesby the issue of further Scott Wilson Group shares, subject to performancetargets being met. DCL's unaudited results for the year ended 31 March 2007show revenue of £1.7m and net tangible assets of £0.5m. Application will be made for the new Scott Wilson ordinary shares to be issuedat completion, which will rank pari passu in all respects with the existingissued share capital, to be admitted to the Official List and to the LondonStock Exchange's market for listed securities. It is expected that admissionwill become effective and dealings in the new ordinary shares will commence on16 May 2007. Scott Wilson and DCL are already collaborating on active projects and togetherwill offer a greater range of services to meet the growing demands of ourclients and the regional market. Geoff French, Chairman of Scott Wilson commented: "The Group has continued to make excellent progress during the second half ofthe year. The recently acquired businesses are integrating and performing verywell. I am delighted that we have been able to announce another acquisitiontoday. We look forward to the year ahead with confidence." For further information please contact: Scott Wilson Group plc www.scottwilson.comGeoff French, Chairman 01256 310 200Stephen Kimmett, Finance Director 01256 310200Lak Siriwardene, Head of Communications 07824 311762 Financial DynamicsCharlie Armitstead 020 7269 7121Richard Mountain 020 7269 7121 Scott Wilson Group plc Scott Wilson is an international consultancy group providing leading,sustainable, integrated solutions to meet the planning, engineering, managementand environmental needs of four principal market sectors: transportation,property, environment and natural resources. Scott Wilson has expanded rapidly over the last few years and has a globalnetwork of 78 offices, of which 39 are in the UK, employing a total of over 5000members of staff with over 3000 based in the UK. The remainder are mainlylocated at Scott Wilson international centres in China, Dubai, Hong Kong, India,Poland, South Africa and Thailand. On the 15 March 2006, Scott Wilson Group plc was admitted to the Official Listand to trading on the London Stock Exchange. Post-flotation, the company has made considerable progress with several highprofile contract wins - the most recent being the East London Line with fees of£14m. Other wins include: the Edinburgh Airport Rail Link with fees of £18m,London Crossrail with fees of £12m, Greece Ionian Motorway with fees of £12m andBahrain Islands Developments with fees of £10m. www.scottwilson.com This information is provided by RNS The company news service from the London Stock Exchange