ISG ISG

 

TIDMISG 
 
RNS Number : 7235U 
Interior Services Group PLC 
30 June 2009 
 

Interior Services Group PLC 
("ISG" or "the group") 
 
 
Pre Close Trading Statement 
 
 
The Board of ISG is pleased to announce that trading for the year ended 30 June 
2009 has remained in line with the Board's expectations. 
 
 
The Board is pleased to note that the success of the group's diversification 
strategy has ensured that the decline anticipated in London fit out and 
refurbishment has been offset by stronger trading in our Retail and Regional 
businesses which has been driven by our frameworks with banks and food retailers 
and by public sector work. 
 
 
The group's strategy remains to position itself towards more resilient regions 
and sectors and where a decline in activity is anticipated, to ensure the 
group's resource base remains in line. 
 
 
As previously noted, some of our clients, particularly those operating across 
several countries, have become more cautious in the wake of Lehman's collapse. 
Consequently, there have been a few cancellations and some delay to certain 
projects particularly affecting our European operations. Elsewhere overseas, 
particularly in China, we are experiencing good levels of activity and continue 
to establish and position ourselves to win projects in growing markets of which 
Abu Dhabi is an excellent recent example. Since March 2009 we have started to 
see corporate clients becoming more confident and both enquiry levels and 
proposals intake have started to improve for our overseas activities. 
 
 
At the interim stage we reported that the order book would reduce as the longer 
lead time UK fit out, new build and refurbishment projects in the UK are 
replaced with higher margin, negotiated work across our Retail business and in 
Europe and Asia. The current order book stands above GBP800m, of which GBP680m 
relates to the financial year ending 30 June 2010. ISG's balance sheet remains 
sound and we expect to finish the year with a strong cash position. 
 
 
The preliminary results will be announced on 8 September 2009. 
 
 
30 June 2009 
 
 
Enquiries 
 
 
+------------+---------------+ 
| Interior   |               | 
| Services   |               | 
| Group      |               | 
| plc        |               | 
+------------+---------------+ 
| David      | 020 7392 5250 | 
| Lawther,   |               | 
| Chief      |               | 
| Executive  |               | 
+------------+---------------+ 
| Jonathan   |               | 
| Houlton,   |               | 
| Group      |               | 
| Finance    |               | 
| Director   |               | 
+------------+---------------+ 
|            |               | 
+------------+---------------+ 
| College    |               | 
| Hill       |               | 
+------------+---------------+ 
| Matthew    | 020 7457 2020 | 
| Smallwood, |               | 
| Adam       |               | 
| Aljewicz   |               | 
+------------+---------------+ 
|            |               | 
+------------+---------------+ 
| Numis      |               | 
| Securities |               | 
| Ltd        |               | 
+------------+---------------+ 
| Nominated  | 020 7260 1000 | 
| Advisor:   |               | 
| Michael    |               | 
| Meade,     |               | 
| Simon      |               | 
| Blank      |               | 
+------------+---------------+ 
| Corporate  |               | 
| Broking:   |               | 
| Chris      |               | 
| Wilkinson, |               | 
| Rupert     |               | 
| Krefting   |               | 
+------------+---------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 TSTBLGDLDXDGGCC 
 

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