Stmnt re Share Price Movement

RNS Number : 5944T

Fulcrum Utility Services Ltd

21 March 2019

 

21 March 2019

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum" or the "Company")

Statement re Share Price Movement

Fulcrum Utility Services Limited, the UK's market leading independent multi-utility infrastructure and services provider, notes the recent share price movement and confirms that it will publish a trading update as usual on 28 March 2019 for the year ending 31 March 2019.  Ahead of that update, the Company can confirm that it expects FY 2019 revenues to be approximately £57.0 million (2018: £44.6 million) and adjusted EBITDA to be approximately £11.0 million (2018: £8.4 million). 

Enquiries:

Fulcrum Utility Services Limited Hazel Griffiths, Chief Financial Officer Cenkos Securities plc (Nominated adviser and broker) Max Hartley (Nomad) / Nick Searle (Sales) Camarco (Financial PR advisers) Ginny Pulbrook / Tom Huddart

[phone] [phone] [phone]

Notes to Editors:

Fulcrum is a multi-utility infrastructure and services provider based in Sheffield, UK. The Company's primary business is the provision of utility infrastructure services to the residential, commercial and industrial markets throughout the mainland UK. These range from the design, installation or alteration of utility services for single site properties to large complex multi-site projects. Through its subsidiaries, Fulcrum Pipelines Limited and Fulcrum Electricity Assets Limited, Fulcrum is also licensed as an Independent Gas Transporter and Independent Distribution Network Operator, owning and operating gas and electrical assets that connect properties to the main UK gas and electricity networks. Fulcrum is also a meter asset manager, owning and operating meter assets across mainland UK.

In 2018 Fulcrum acquired the Dunamis Group, an electrical infrastructure services company, creating one of the UK's leading gas and electrical infrastructure services groups.

http://www.fulcrum.co.uk/

 

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