ISG ISG

    RNS Number : 6787J
  Interior Services Group PLC
  08 December 2008
   

    Interior Services Group plc

    AGM Statement and Trading Update


    Roy Dantzic, Chairman of Interior Services Group plc, will make the following statement at the company's AGM which will be held later
today. 

    "The Board is pleased to announce that trading to date in the first half of the current financial year has been in line with our
expectations.  Activity has remained high across the Group as ISG has continued to position itself towards more resilient regions and
sectors. 

    The current order book stands at �1bn, a level broadly consistent with our position at the year end in July. Of this amount, �550m
represents work to be completed in the current financial year and �400m for 2009/10. ISG's balance sheet remains sound and we expect to
finish the half year with cash balances in line with prior year.

    The recent series of economic and political events in the world are beginning to have an impact on our business.  Many of our corporate
clients have become more cautious in their decision making and this has led to some projects planned for the following financial year being
delayed or cancelled.  As to be expected, trading conditions in the UK, particularly for work due to commence in the final quarter and into
the following financial year, have become more competitive.  

    
ISG*s strategy remains focused on diversifying the Group by activity, sector and region when opportunities arise. We will continue to
rebalance our activities within London away from the office market and outside London towards the public sector. Where we anticipate a
decrease in demand, we are being proactive in keeping our resource base in line. Our Retail frameworks continue to give us visibility
through the rest of the financial year. Overseas we anticipate increasing volumes across Asia and Europe*.

    Shareholders will next be updated on the Group Interim results for the 6 months to 31 December 2008 in March 2009.

    8 December 2008 

    Enquiries:

 Interior Services Group plc
 David Lawther, Chief Executive                 020 7392 5307
 Jonathan Houlton, Group Finance Director       020 7392 4905

 Numis Securities Limited
 Nominated Advisor: Michael Meade/Simon Blank   020 7260 1000
 Corporate Broking: Rupert Krefting             020 7260 1000

 College Hill
 Matthew Smallwood                              020 7457 2020
 Adam Aljewicz                                  020 7457 2020




This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
MSCEAPASEFLPFFE

ISG (LSE:ISG)
Historical Stock Chart
From Jun 2024 to Jul 2024

ISG (LSE:ISG)
Historical Stock Chart
From Jul 2023 to Jul 2024