Trading Statement
Scott Wilson Group plc
16 May 2006
For immediate release Tuesday, 16 May 2006
Scott Wilson Group plc
Year End Trading Update
Acquisition
Notice of Results
Scott Wilson Group plc ("Scott Wilson"), the international consultancy offering
integrated professional services in the transportation, property, environmental
and natural resources sectors, today issues a trading statement for its
financial year ended 30 April 2006. Its maiden set of preliminary results as a
listed company will be issued on Thursday, 20 July 2006.
Trading Update
The Board is pleased to report that the Group has traded slightly ahead of the
market expectations set at the time of the IPO. Our secured order book is now in
excess of £200 million (2005: £84 million), following the:
• recently announced Crossrail contract
• recently announced Edinburgh Airport Rail Link contract
• appointment as Design Checker and Independent Engineer to Hellenic
Autopistas, who have been announced as preferred bidder for the Ioania Odos
motorway concession in Greece. The value to Scott Wilson working in joint
venture with OMEK Consulting Engineers SA is approximately Euros 17 million.
Scott Wilson Pavement Engineering
The Group has recently acquired the 30% minority interest in Nottingham based
Scott Wilson Pavement Engineering Ltd, a leading consultancy in the evaluation
of highways, runway pavements and rail track beds, from two founder members of
the Company. The consideration for this acquisition was £0.63 million in cash.
Scott Wilson Pavement Engineering is already a successful business with over 130
staff and is expected to benefit further from being fully integrated within the
Group.
Geoff French, Chairman of Scott Wilson commented:
"I am delighted with the acquisition of the minority interest in Scott Wilson
Pavement Engineering and I expect that this strong business will continue to
perform well now it is wholly owned by the Group.
"Market conditions in all our key sectors remain buoyant and this, together with
our recent contract successes, record order book and strong trading performance,
increases our confidence in the Group's future prospects."
For further information please contact:
Scott Wilson Group plc www.scottwilson.com
Geoff French, Chairman 01256 310 200
Stephen Kimmett, Finance Director
Smithfield 020 7360 4900
Katie Hunt 07884 494112
Reg Hoare 07831 406117
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Notes to editors:
Scott Wilson
Scott Wilson is an international consultancy offering integrated professional
services for civil and structural engineering projects, transportation,
environmental studies and institutional development. It was ranked as the ninth
largest UK-owned engineering consultant by fee income for the calendar year 2005
in the New Civil Engineer 2006 annual survey.
The Company earned approximately 67 per cent. of its revenue over the three
years to 30 April 2005 in the UK and approximately 33% overseas. The Company has
an existing network of international offices controlled through six regional
centres in Warsaw, Johannesburg, Dubai, Delhi, Bangkok and Shanghai/Hong Kong.
Scott Wilson has strong relationships with UK government departments,
non-governmental agencies, multinational companies, national governments and
supranational funding bodies. In the financial year ended 30 April 2005, 32 of
the Company's clients were billed over £1 million and the top 55 of the
Company's clients (which exceeded 1,500 in total) accounted for aggregate fees
in excess of £100 million.
Important clients and partners include Network Rail, the Highways Agency,
Balfour Beatty, Alfred McAlpine, Cross London Rail Links, English Partnerships,
Defence Estates, tie and the Roads Service Northern Ireland.
Well known projects on which Scott Wilson has worked include The Eden Project,
Bangkok Airport, Manchester Airport, Portsmouth's Spinnaker Tower, the UK West
Coast Route Modernisation and Victoria Station and a number of London
Underground stations.
This information is provided by RNS
The company news service from the London Stock Exchange