Latest results

Interim results for the half year ended 31 December 2008

Interior Services Group plc is pleased to announce an excellent set of results, delivered against an increasingly difficult economic environment in the UK and overseas. Our strategy of diversifying the business by activity, sector and geography thereby reducing our reliance on the London office sector, is now proving to bear fruit.

Results

• Revenue up 11% to £562m (2007 - £505m)
• Adjusted profit before tax* increased 11% to £7.0m (2007 - £6.3m)
• Profit before tax increased 8% to £6.3m (2007 - £5.8m)
• Basic earnings per share stable at 15.63p (2007 - 15.61p)
• Adjusted basic earnings per share* increased by 3% to 17.40p (2007 - 16.87p)
• Interim dividend of 4.00p (2007 - 4.00p)
• Net cash as at end of December 2008 £26.8m (2007 - £22.1m) with unutilised committed working capital facility of £10.0m

David Lawther, Chief Executive, said:

"ISG's strategy remains focused on diversifying the group by activity, sector and geography. In the UK we will continue to seek opportunities within London outside the office sector and outside London towards the public sector. Overseas we will continue to follow our core blue chip client base as they continue to make strategic investments abroad.

The recent series of economic and political events in the world is having an impact on our business. However the changes we have made to our business over the last few years and our positive net cash position have made us more resilient in the face of the current economic uncertainty."

10 March 2009

Our full year results (for the year to 30 June 2008) can be summarised by the following graphs