1 Mar 2018 07:00
1 March 2018
U and I Group PLC
Trading Update
Development and trading gains for FY18 in line with guidance
U+I (LSE:UAI), the specialist regeneration developer and investor, provides a trading update for the 12 months to 28 February 2018, ahead of its full year results on 26 April 2018. All figures disclosed in this announcement are unaudited.
The Company is pleased to report that it will achieve record development and trading gains in FY18, in line with its previously stated target of £65-70m (FY17: £35m).
Matthew Weiner, Chief Executive of U+I, said:
"This has been an impressive year for U+I as we achieved record development and trading gains. This is just the beginning. We have the right team and strategy in place to continue to deliver sustainable year on year returns for our shareholders. I look forward to sharing positive news on the progress across our portfolio and our outlook for FY19 at the full year results."
ENDS
For further information, please contact:
U and I Group PLC
Nicola Krafft
+44 20 7828 4777
ir@uandiplc.com
Camarco (Financial PR Adviser)
Geoffrey Pelham-Lane / Tom Huddart
+44 (0) 20 3757 4985/4996
uandi@camarco.co.uk
About U + I
U+I is a specialist regeneration developer and investor.
With a £6bn portfolio of complex, mixed-use, community-focused regeneration projects including a £200m investment portfolio, we are unlocking urban sites bristling with potential in the London, Manchester and Dublin city regions. We exist to create long-term socioeconomic benefit for the communities in which we work, delivering sustainable returns to our shareholders.
To find out more, visit www.uandiplc.com or follow us @uandiplc