Hyder Consulting PLC Interim Management Statement (5320W)
2013年1月29日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
TIDMHYC
RNS Number : 5320W
Hyder Consulting PLC
29 January 2013
Hyder Consulting PLC
Interim Management Statement
Hyder Consulting PLC, the multi-national design and engineering
consultancy, today issues its Interim Management Statement covering
the period to 28 January 2013.
Trading performance
The Group has performed in line with our expectations.
In Asia Pacific our Australian results have been in line with
plan, and we have recently secured a number of significant new
contracts. Prospects in China are improving, although our
operations incurred a small loss in quarter 3 as awards have been
slower to come to fruition than anticipated.
In the Middle East results are higher than the prior year and in
line with expectations, following mobilisation on new projects in
Qatar and Saudi Arabia.
In Europe, as expected, results have improved in the second
half. Our UK transport business, in particular, has performed well
in the period.
Acquisitions
The Group acquired BCH Engineering Consultants Pty Ltd ("BCH")
on 17 December 2012. BCH is a small Perth based consultancy, with
expertise in the energy and resource sectors. Initial consideration
of A$3 million (c.GBP2 million) was paid in cash, with a further
A$2 million (c.GBP1.3 million) cash payable contingent on future
business performance. BCH improves our access to the Western
Australian market and clients, enabling us to respond to demand in
the region utilising our existing Australian offices and Global
Excellence Centres.
Power Systems Project & Consultancy Services Ltd ("PCS") was
acquired by the Group on 19 December 2012. PCS is a specialist,
independent high-voltage simulation, analysis and electrical design
business employing 42 specialist staff, based in Scotland. The
company works extensively in the transmission, distribution and
renewable generation areas with clients including Scottish Power /
Iberdrola and Scottish & Southern Energy. Initial consideration
of GBP3 million was paid in cash, with up to a further GBP0.5
million cash payable contingent on future business performance. The
acquisition builds on Hyder's growing expertise in the energy
sector and follows on from its purchase of ESR Technology Ltd in
June 2011.
Financial position
The Group retains a strong balance sheet with a net cash
position, and has significant headroom against its banking
facilities with which to pursue new opportunities.
Outlook
Although market conditions remain variable, the Group's
favourable positioning and its diversified international base give
us confidence for the full year.
Enquiries:
Hyder Consulting PLC
Russell Down, Group Finance Director Tel: 020 3014 9000
Citigate Dewe Rogerson
Ginny Pulbrook Tel: 020 7282 2945
Notes:
1. About Hyder Consulting : Hyder Consulting is a multi-national
design and engineering consultancy operating in Asia, Australia,
the Middle East, Germany and the UK. We employ approximately 4,000
people and apply our global expertise coupled with local knowledge
to create award winning solutions for the transport, property,
utilities and environment sectors.
2. This announcement is based on information obtained from
unaudited management accounts.
3. This announcement contains certain forward-looking statements
with respect to the financial condition, results of operations and
businesses of Hyder Consulting PLC. These statements involve risk
and uncertainty because they relate to events and depend upon
circumstances that will occur in the future. There are a number of
factors that could cause actual results or developments to differ
materially from those indicated by these forward-looking
statements. Nothing in this announcement should be construed as a
profit forecast.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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