Latest results
Interim Results for the Half Year ended 31 December 2009
Interior Services Group plc, the international construction services group, today announces its interim results for the half year ended 31 December 2009.
Group Highlights
- A robust set of results, in line with management expectations
- Interim dividend increased by 5%
- Diversification strategy ensuring that Group not over exposed to any one particular market
- Group order book at December was £780m (2008 - £950m), of which £442m (2008 - £494m) is for delivery in the current financial year and £320m (2008 - £365m) for the next financial year
- Order book weighted towards private sector 63% (2008 - 68%)
- Group remains financially strong with net cash as at 31 December 2009 of £32m and £10m of undrawn committed facilities in place through to mid 2013
David Lawther, Chief Executive, said:
"I am pleased to announce a robust set of results despite the difficult trading environment and an increased interim dividend.
Whilst our markets remain highly competitive, we have weathered the worst of the fallout from October 2008 and as these results demonstrate we are emerging in good health. We now feel confident that the Group is well placed to resume the growth path demonstrated from 2004 through to 2008 as the markets recover. We will continue to pursue organic growth and acquisition opportunities."
9 March 2010