Scott Wilson trading in line with expectations
21-Oct-08
Scott Wilson Group PLC, the multidisciplinary consultancy for the built and natural environments, today issued a pre-close statement prior to the announcement of its interim results for the half year ending 26 October 2008, due to be announced on 9 December 2008.
It says that trading has remained in line with management’s expectations, notwithstanding the recent turmoil in the financial markets: "Overall demand remains robust both within the UK and across our international businesses. Long-term budgetary planning frameworks continue to underpin a significant proportion of our work on infrastructure development, enhancement and replacement. Our strong order book has benefited from many significant new or extended projects won during the current financial year including Crossrail, Manchester Waste, East London line, London Gateway Port, campus redevelopment at Kingston University, nuclear sector commissions in the UK, national highway projects in India and Sri Lanka, the Grand Mosque in Bahrain, property development in Tianjin and power related projects in Greece, Indonesia, Pakistan and Qatar."
Organic revenue growth in the current year to date is in excess of 10%, with activities in the international market making an increased contribution. The SW board anticipates reporting interim results consistent with current market expectations for the full year.
Sign up for news alerts
Receive FREE industry news by email each week
