Clarke(T.) PLC
5 May 2000
T.Clarke Plc
AGM Statement
At the Annual General Meeting today of T.Clarke Plc, Mr Pat Stanborough,
Chairman said:
'Since the announcement of our preliminary results for the year ended 31
December 1999, I am pleased to report that we have made a good start to the
year, with trading in line with expectations. We are still seeing a strong
demand for our services across the company. Your directors' aim is to grow
our business organically and through acquisitions, with continued emphasis on
regional coverage. Our current target of £100m turnover is well on track and
our overriding objective continues to be the delivery of a strong bottom line
and value for shareholders and clients.
'The strength of our reputation has enabled us to secure our best long term
order book, with a high level of repeat business being secured throughout our
Group. We are continuing to see an increase in quality market share and
margin improvement without the need to downsize or outsource. We regard
current activity within the industry post 2000 as more sustainable, less
speculative and more custom built, and therefore less prone to the risks of
the past.
New orders secured include:
* Goldman Sachs, Fleet Street
* HSBC Tower, Canary Wharf
* Citigroup Tower, Canary Wharf
* Gulf House, Land Securities
* Marconi, Cambridge
'Shareholders can look forward with confidence to another successful year.'
Date: 5 May 2000
For further information contact:
Jonathan Shillington City Profile 020 7726 8588
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