WTM.L Regulatory News (WTM)

5 Dec 2006 12:05

Waterman Group PLC05 December 2006 Waterman Group plc Chairman's Annual General Meeting Statement Speaking at the company's Annual General Meeting, Roger Fidgen, Chairman ofWaterman Group plc, the engineering and environmental consultants, made thefollowing comments regarding current trading: " I am pleased to report that the Group continues to trade strongly in thecurrent financial year. In the first four months of the new financial year ourinvoicing is up by over 10 per cent compared to the same period last year. Allsectors continue to perform well and a number of important new projects havebeen secured in the UK and overseas." " On 26 October 2005 the Group acquired an additional 21 per cent interest inits Australian subsidiary, Waterman International (Asia) Pty, increasing Waterman's interest to 80 per cent. Just five weeks ago on 1st November 2006 the Group also acquired a 51 per cent interest in AHW (Victoria), a consulting engineer employing 50 staff based in Melbourne, Australia. This acquisition brings our total staff in Australia up to around 120." " The Group has achieved a high level of organic growth during the lastfinancial year and I anticipate that this will continue in the current year. Wecan also expect a greater contribution from the recent acquisitions and from thefast growing markets in which the Group operates, in the UK and overseas." " Our long term order book has continued to grow and we have added a number ofimportant long term framework agreements with major clients, which will continueto deliver increasing volumes of work. All sectors are currently performing welland your Board views the coming year with confidence." -ends- Date: 5th December 2006 For further information contact: Waterman Group plc cityPROFILEBob Campbell, Managing Director Simon CourtenayGraham Hiscocks, Finance Director William Attwell020-7928-7888 020-7448-3244web: www.waterman-group.co.uk This information is provided by RNS The company news service from the London Stock Exchange