Styles & Wood Group PLC AGM Statement (6218G)
May 31 2017 - 1:00AM
UK Regulatory
TIDMSTY
RNS Number : 6218G
Styles & Wood Group PLC
31 May 2017
31 May 2017
Styles&Wood Group plc
("Styles&Wood" or the "Group")
AGM Statement
Speaking today at the Annual General Meeting ("AGM") of
Styles&Wood, the integrated property services and project
delivery specialist, the Chairman, Paul Mitchell, will provide the
following update to shareholders:
"The Group's trading in the year to date has been in line with
management expectations. The Order Book for the year ending 31(st)
December 2017 now stands at GBP136.6m, some 36% ahead of prior
year, with a traditional seasonal weighting towards the second half
of the year.
I am pleased with the performance of our recent acquisitions,
and how they have been integrated within the broader Group.
Styles&Wood, through Keysource, has recently been awarded its
first critical facilities project for a financial institution.
Additionally, Keysource has also converted two projects with a
combined value in excess of GBP5m for a major risk advisory
consultancy, and its award winning consultancy services are now
supporting international customers. The GDM Group has traded well
during the first four months of the year, and has also provided a
conduit to realise synergies across the broader Group.
Styles&Wood has a healthy trading position which has been
strengthened by the conversion of a new framework to support an
estate transformation programme for Wolseley, and securing
preferred bidder positions for two major refurbishment projects.
These projects have a cumulative value in excess of GBP40m and
include a city centre aparthotel further evidencing the Group's
credentials in this developing sector.
The Board remains confident in the outlook for the Group and
looks forward to reporting on further progress in 2017."
For further information please contact:
Styles & Wood Group plc Tel 0161 926 6000
Tony Lenehan, Chief Executive
Officer
Philip Lanigan, Group Finance
Director
Shore Capital Tel 0207 408 4090
Mark Percy / Edward Mansfield
FTI Consulting Tel 0203 727 1000
Oliver Winters / James Styles
Notes to Editors
Styles&Wood provide a fully integrated suite of real estate
support services which address the complete property life cycle.
The business offers clients building intelligence, design,
programme implementation and project delivery services across
commercial, retail, banking, education and healthcare sectors.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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