18 Nov 2011 07:00
WATERMAN GROUP PLC INTERIM MANAGEMENT STATEMENT
Waterman Group plc ("Waterman" or "the Group"), the international engineering and environmental consultant, today releases its Interim Management Statement for the period from 1st July 2011 to date.
The Group has begun the year in line with the board's expectations.
Following the completion this week of the sale and leaseback of Waterman's freehold property, Pickfords Wharf, Clink Street, London for the sum of approximately £11.91 million, the Group is in a strong financial position with no net debt.
Looking forward, approximately 73% of Waterman's revenue is generated in the UK and as such we are primarily reliant on the stability of this economy. Overseas, our operations in Australia, UAE, Russia and Kazakhstan will seek to benefit from the growth of these local economies and the property development markets.
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-ENDS-
Date: 18th November 2011
For further information please contact:
Waterman Group plc City Profile
Nick Taylor, Chief Executive Simon Courtenay
Alex Steele, Finance Director 020-7448-3244
020-7928-7888
Web: www.watermangroup.com