30th June 2009

Interior Services Group PLC

Pre Close Trading Statement

The Board of ISG is pleased to announce that trading for the year ended 30 June 2009 has remained in line with the Board's expectations.

The Board is pleased to note that the success of the group's diversification strategy has ensured that the decline anticipated in London fit out and refurbishment has been offset by stronger trading in our Retail and Regional businesses which has been driven by our frameworks with banks and food retailers and by public sector work.

The group's strategy remains to position itself towards more resilient regions and sectors and where a decline in activity is anticipated, to ensure the group's resource base remains in line.

As previously noted, some of our clients, particularly those operating across several countries, have become more cautious in the wake of Lehman's collapse. Consequently, there have been a few cancellations and some delay to certain projects particularly affecting our European operations. Elsewhere overseas, particularly in China, we are experiencing good levels of activity and continue to establish and position ourselves to win projects in growing markets of which Abu Dhabi is an excellent recent example. Since March 2009 we have started to see corporate clients becoming more confident and both enquiry levels and proposals intake have started to improve for our overseas activities.

At the interim stage we reported that the order book would reduce as the longer lead time UK fit out, new build and refurbishment projects in the UK are replaced with higher margin, negotiated work across our Retail business and in Europe and Asia. The current order book stands above �800m, of which �680m relates to the financial year ending 30 June 2010. ISG's balance sheet remains sound and we expect to finish the year with a strong cash position.

The preliminary results will be announced on 8 September 2009.

Not tempted to add then, which shows what you really feel!!!
(May 2014.....)

I'm as exposed as I want to be - generally that is, atm, but certainly now not looking to sell.

Upgrade to 335. Methinks Cathexis might have placed some pressure on Numis.

StockMarketWire.com
ISG has been awarded in excess of £80m of additional data centre works in the UK and Continental Europe from existing customers.

This has resulted in the group's order book increasing to a record £1.1bn as at March 2015 (March 2014: £1.0bn).

Chief executive David Lawther said: "We are delighted that our order book continues to remain strong. Our technical expertise and international capability continue to prove decisive factors for customers entrusting ISG with business critical projects."

Ironically, I sold the last of my holding yesterday!

So you are not expecting a recovery in the sp any time soon then?

I've been doing some pre-election trimming and ISG fell into that category.

As I've posted before, they have been good to me over the years, and I will probably buy them back again - just unfortunate timing with the sale - as ever! :-(

Just that I was thinking that another lurch down to 140p level and I might be tempted to buy a wad in anticipation of a recovery. Might take a while, but ......
Sorry you were pushed into selling near the bottom. I am expectig DC to get back in, with assistance, so not too much rejigging needed, imo.

It was more of a pragmatic decision rather than being pushed - I also sold LSR - you may want to look at those if I have the same effect!

Trading Update

£80m Office Fit Out Projects

Final Results

Numis Buy 173.00 335.00 335.00 Reiterates

Anyone know the reason for this drop in SP?

Probably a disappointing trading update!

StockMarketWire.com
International construction services group ISG expects a greater second half weighting to this year's results.

The group says it has seen good trading conditions for the majority of its businesses since the start of the financial year with a particularly strong performance by its UK Fit Out and Engineering Services division.

But it says trading in UK Construction has been disappointing.

The group says it anticipates the results for the full year being in line with the board's expectations for all divisions except UK Construction.

An update says: "We continue to work on the recovery plan for UK Construction. Despite the many positive steps we have taken, we have continued to experience disappointing project outcomes on some older contracts. In addition, with margin and risk control remaining our priority rather than volume and some customers delaying the start on site of their projects, volumes this year will be below our expectations with profit deferred to later periods. As a consequence, this division will be loss making this year and will impact the Group results by up to £5m. The Board is resolute in its ambition to refocus this division on core sectors, regions and skills.

"Work on closing out the final projects on discontinued activities is proceeding in line with our expectations. We expect all projects to have reached practical completion by December 2015 and for the vast majority of outstanding commercial issues to have been settled by the financial year end.

"At the end of October, our total order book had increased by 12% to £1,130m (October 2014: £1,010m) of which £840m (October 2014: £770m) is for delivery in the current year. The balance sheet remains robust and we anticipate a net cash position in excess of £50.0m as at 31 December 2015 (2014: £38.3m)."

......... fill yer boots.... Dil

I had been looking at company RNS and figures and ....
...Construction division, Construction division and Construction division has been the problem, time and time again, yes the contracts were made back on 2012, but the persons Bidding for contracts, certainly were not doing any good job, it seems they were more interested on wining the contract that if it was profitable for ISG.
I wonder if they are still working for the company budget department? hope NOT

There's something not quite right here. Can't quite put my finger on it but directors seem to paint a optimistic reassuring picture then deliver something different and it seems to be a surprise to them.