Interim Management and AGM Statement

RNS Number : 7992D

Fisher (James) & Sons plc

02 May 2013

 



2 May 2013

James Fisher and Sons plc

Interim Management and AGM Statement

The Board of James Fisher and Sons plc ("James Fisher") today issues its interim management statement for the period from 1 January 2013 prior to its Annual General Meeting to be held today at 12.00pm.

James Fisher has started 2013 well and trading to date has been in line with management expectations.

Operational Overview

Specialist Technical has made a positive start to the year with ship to ship transfer volumes remaining strong and with an increase in the order book for our marine products and ports businesses.  Offshore Oil continues to see increased demand both in the North Sea and in the fast growing markets of Brazil, Africa and Asia.  The newly acquired Divex business is trading well and has now received a letter of intent for a major Saturated Diving System. Marine Oil, our coastal tanker business, continues to trade as expected.

The absence of last year's major Olympic contract and fewer projects within our Defence business, will weight growth this year more to the second half.  But with its strong balance sheet, proven strategy and focus on the fast growing offshore and marine services markets across the world, James Fisher remains well placed to produce good growth and value for our shareholders.

Contacts

James Fisher and Sons plc	Nick Henry	Chief Executive Officer	020 7614 9508
FTI Consulting	Richard Mountain Sophie McMillan		020 7269 7186

 

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