Premier Technical Services Grp PLC TRADING UPDATE AND NOTICE OF RESULTS (0881N)
August 07 2017 - 1:00AM
UK Regulatory
TIDMPTSG
RNS Number : 0881N
Premier Technical Services Grp PLC
07 August 2017
7 August 2017
Premier Technical Services Group PLC
("PTSG" or the "Group")
TRADING UPDATE AND NOTICE OF RESULTS
Trading in line with expectations with positive outlook
PTSG, the niche specialist services provider, is pleased to
announce the following trading update ahead of its interim results
for the six months ended 30 June 2017, which will be issued on
Tuesday, 26 September 2017:
The Group has previously announced that it was performing well
in the first half. This performance has continued, PTSG has noticed
an increase in compliance awareness among our 17,000 customers and
we have experienced continuing sales growth and strong levels of
orders in the year to date.
The Group has secured new contract wins across all its
disciplines, including a number of multi-discipline framework
agreements with new and existing customers and our contract renewal
rates remain high, which underpin our organic growth plans.
The integration of BEST, which was acquired early in July 2017
to enhance PTSG's number one market position in the lightning
protection market, has started well and is progressing to plan. We
have begun to drive additional operational efficiencies and
opportunities for cross selling new and existing services to the
enlarged customers base. Nimbus Lightning Protection Ltd, which was
acquired in January 2017, has been fully integrated into the
Electrical Services division and is performing in line with our
expectations.
In the first few weeks of the second half, the Group is trading
in line with expectations for the full year as recently upgraded
for the BEST acquisition. The directors look forward to providing a
full update on the Group's progress in the interim results
announcement in September.
For further information, please contact:
PTSG +44 (0)1977 668 771
Paul Teasdale, Chief Executive Officer
Numis Securities +44 (0) 207 260 1000
Stuart Skinner / Kevin Cruickshank / Michael Burke
Hudson Sandler +44 (0)207 796 4133
Charlie Jack
About PTSG - www.ptsg.co.uk
Premier Technical Services Group PLC is the UK's leading
provider of façade access and fall arrest equipment services,
lightning protection and electrical testing, high-level cleaning
and training solutions.
Operating through four divisions, Access & Safety,
Electrical Services, High Level Cleaning and Training Solutions,
the Group provides highly-engineered industrial products and
quality services and has a substantial presence in a number of
niche markets.
PTSG provides a central information service for its businesses
and champions the dissemination of key information and best
practice. PTSG unites its constituent businesses under one clear
identity, which supports smarter working and delivers top class
service to its customers.
Headquartered in Castleford, West Yorkshire, the Group employs
more than 600 people across 17 UK sites, who service more than
150,000 buildings across the whole of the UK for over 17,000
customers in a wide range of industries. The Company is listed on
the LSE AIM (PTSG.L)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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