ISG plc, the international construction services group, today announces its final results for the year ended 30 June 2013.
|Underlying profit before tax1,2
|Profit before tax1
|Net cash position
|Underlying basic earnings per share1,3
|Basic earnings per share1,4,5
|Total dividend per share
Increased margins and profit despite difficult market conditions
UK Fit Out and Engineering Services and UK Retail both strengthened their market-leading positions
Established ISG’s international reputation for the delivery of data centers
Overseas businesses performing well with increased repeat work from blue-chip multinationals
UK Construction has delivered an improvement in margin and profit in an ongoing competitive environment.
Order book ahead by 12% at £854m (2012: £760m) of which 20% is overseas
Net cash balance of £36.1m at 30 June 2013 (2012: £25.4m)
Successfully raised net proceeds of £7.4m to fund acquisitions, attracting a number of new institutional shareholders
Entering of new markets and strengthening existing presence through the acquisition post year end of a minority stake in ACE in Brazil and the acquisition of Tecton in Germany
Total full year dividend maintained at 9.00p per share (2012: 9.00p)
David Lawther, Chief Executive Officer, said:
1restated (Note 1)
“ISG has delivered an improved performance and growing order book.
In the UK, we have seen signs of improvement in the London office fit out market and have maintained our market leading positions in the office fit out and retail sectors. We have had considerable success in the data center sector. Our UK Construction business has increased its level of repeat work through its focus on key customers and frameworks.
Overseas, our businesses are performing well and we are entering new markets and strengthening our existing presence through selective acquisitions.
We are looking forward to the future with growing confidence.”
10 September 2013
2 from underlying items (Notes 2 and 3)
3 from earnings attributable to owners of the company from underlying items (Note 10)
4 from earnings attributable to owners of the company (Note 10)
5 2012 from continuing operations (Note 8)