Interim Results
Operational highlights
· Diversified order book which stands at £101m, 61% of which represents orders from outside Europe;
· Positive contributions from all businesses;
· Continued diversification of revenue across all regions - Europe 56%, Asia Pacific 32% and MEAI 12%;
· Integrated approach to global clients;
· Significant new commissions in energy and infrastructure sectors;
· Frameworks representing an increasingly significant contribution;
· Increase in staff numbers by 9.5% to just over 1,500 over the last 12 months, reflecting ongoing investment in people to enhance our global footprint;
· Net debt down 25.2% to £7.1m (H1 2013: £9.5m);
· Successful unwinding of Australian dollar derivative contract resulting in £1m gain;
· Global banking facilities re-negotiated.