Contract Wins
July 21 2003 - 5:00AM
UK Regulatory
RNS Number:7560N
AWG PLC
21 July 2003
For Immediate Release 21 July 2003
AWG wins over #400m of new
contracts in the first quarter
AWG Plc announces that its infrastructure management
business (IMB) has won contracts with a combined turnover
value in excess of #450m in the three months to 30 June
2003.
Approximately 50 per cent of the revenue is expected to
be generated within the first 12 months, with the balance
spread over two to five years.
New contracts, or renewal of existing contracts, were won
by the three infrastructure management divisions: Utility
Services, Government Services and Project Management
Services. The largest single contract is in the
Government Services division for Birmingham City Council,
following the acquisition in March 2003 of the repair and
maintenance contracts for housing and property in the
city. The #250m contract is expected to generate #50m
per annum over the five-years to 2008.
Elsewhere, Utility Services successfully renewed a three-
year, #9m per annum contract in the water sector.
Project Management Services' gains include a two-year,
#38m per annum contract to construct 7.2km of new road
and associated structures in Scotland.
END
Contact details:
Mike Keohane
Group Director Human Resources & Communications 01480 323 000
Susan Ellis / Rachel Taylor
Weber Shandwick Square Mile 020 7067 0700
This information is provided by RNS
The company news service from the London Stock Exchange
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