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.

Harry, if you squint. :-)

I'm still in these from 122 and have had a dividend. I'll probably hold for now. As you can see in post 64, there are days when it is very thinly traded - so not really (for me) a trading share.

I think you are seeing a ghost in the works HarryCat. The share is just flatlining until next news.

I saw the chart at the top first! Now surely that is a pennant??? Sadly I then looked at the chart skinny posted and realised that my time scale was considerably out!!!

:-)

Pre-Close Trading Statement

Trading
The Board announces that trading for the year ended 30 June 2012 has remained broadly in line with the revised management expectations announced in January 2012. In the UK, we have maintained revenues but margins have been impacted by the current competitive environment. Outside the UK, increased revenues and improving margins have led to a substantially higher contribution to Group operating profit. The Group's financial position remains robust with net cash balances at 30 June 2012 of circa £25m (June 2011 - £36.1m).

In the UK, our Fit Out business has maintained its position in a highly competitive London corporate office market, where we have seen a reduction in the size of projects. In addition the business has successfully grown its presence in the data centre market having secured a £100+ million project to construct and fit out a new facility in the East Midlands. The second half decline in revenues for our UK Retail businesses has been in line with our expectations. We remain the number one service provider to this sector.

In the UK, our Construction business continues to experience competitive pressure on margins. However, against the market trend, revenues for the year have increased with a strong performance in the South benefiting from the work secured with LOCOG to assist with the preparation of the 2012 Olympics. Our South West construction division has returned to profitability in the last quarter of the year after a restructuring of the business.

Outside the UK, our strategy for increased international growth is proving to be successful. Overall volumes have increased as international customers have continued with their overseas capital investment programmes. Our Continental Europe Fit Out and Retail businesses have both made profitable contributions with the former benefiting from strong performances in each of its key markets of Germany, France and Italy, and the latter from the acquisition of Alpha International in October 2011, which has continued to trade well.

As we predicted, revenues and margins are substantially improved in Asia in comparison to last year. In particular, our North Asia Contracting and Commtech Commissioning Management businesses have performed strongly largely on the back of continued growth in the retail and data centre markets. In the Middle East the outturn was affected by slippage on projects in Dubai and Abu Dhabi. Longer term, the development of our service offering into Qatar offers significant potential.

Dividend
For the last few years the Board has increased the dividend by 5% per annum reflecting the success of its policy of diversifying the business through organic growth and acquisition. The Board was prepared to see dividend cover fall below its long term target of greater than 2 times cover on the basis of an early recovery in key markets. The impact of the reduction in the spending plans of UK supermarkets and banks in the second half is now expected to continue into 2012/13 and given the continuing uncertainty over the Euro, general tightening in credit markets and the significantly reduced pace of recovery in the UK economy, the Board has concluded that a more cautious approach should be taken. The Board believes that in the longer term the Group will benefit from conserving its internal resources to continue to support the growth of its overseas businesses. Consequently the Board now expects, in the absence of unforeseen circumstances, to pay a final dividend of 4.6p (2011: 10.7p) making a total for the year of 9.0p (2011: 15.1p).

Outlook
In summary, in the UK in the short term we anticipate that trading conditions will continue to be difficult. We are looking to target areas where we see growth opportunities, particularly in the data centre, hospitality, high-end residential and international retail markets. Outside the UK, we continue to see robust pipelines and strong demand for our services from our international clients. The current order book stands at circa £760m (June 2011 - £750m), of which £690m (June 2011 - £706m) relates to the financial year ending 30 June 2013. We continue to position the Group to benefit from international growth opportunities, new sectors and also for the eventual recovery in the UK.

4 July 2012

Mind the gap..lol.

Contract Win

ISG Awarded First Phase of £36 Million Ipswich Regeneration Scheme


ISG has secured phase one of a major urban regeneration project with Genesis Housing Association to deliver a mixed-use development in Ipswich. The £15 million contract focuses on the delivery of 386 new homes in the town's historic docklands area and ISG is now working towards the detailed design and costing of the full mixed-use scheme valued at around £36 million.

ISG has already carried out a significant £multi-million enabling contract at the site, which commenced in spring 2011, with the construction phase of the development due to commence in October and scheduled for completion in summer 2014.

ISG Awarded £16 Million City Tower Project

ISG has secured a £16 million project to refurbish and remodel City Tower in London for Great Portland Estates and Starwood Capital. The contractor will work across 10 floors, refurbishing 80,000 sq ft of office accommodation, as well as upgrading the façade of the 21-storey building.

ISG Secures £61 Million Center Parcs Scheme

ISG has been awarded a £61 million project to build the accommodation element of the new Center Parcs Woburn Forest holiday village in Bedfordshire. The contractor will build 625 lodges across the 365 acre site, which is scheduled to open to guests in spring 2014.

The project builds upon ISG's existing relationship with Center Parcs owner, private equity firm Blackstone. Under Blackstone's student accommodation brand Nido, ISG has delivered schemes in Notting Hill and Spitalfields - the latter a £120 million project creating the world's tallest student accommodation hall.

Final Results

Group Highlights

· Revenue up 9% to £1,281m (2011: £1,174m)

· Lower profits in the UK reflect a challenging economic environment

· Profits from overseas business nearly quadrupled to £3.5m

· Developing our international network of offices to continue servicing our blue-chip corporate clients

· Significant advances in the expanding data centre market

· Construction activity ahead of prior year on the back of completing substantial projects for the London 2012 Olympic and Paralympic Games following on from the successful delivery of the Velodrome

· Net cash balance of £25.4m at 30 June 2012 (2011: £36.1m)

· Order book marginally ahead at £760m (2011: £750m) with private sector bias of 81% (2011: 78%)

· Total full year dividend at 9.00p per share (2011: 15.06p)
· Subsequent to year-end, banking facilities renewed until September 2015

Divisional Highlights

UK Fit Out

· Revenue maintained at £347m (2011: £342m)

· Operating profit 19% lower at £6.5m (2011: £8.0m)

· London Office Fit Out market remains competitive, with project sizes smaller

· Increased revenue from growth sectors, particularly data centres

· Workloads from Retail Banking framework agreements stable

· Order book up 7% to £182m

"As previously announced in our pre-close trading statement in July 2012, the Board is proposing a final dividend of 4.59p per share, making a total of 9.00p (2011: 15.06p) for the year. The Board remains committed to a progressive dividend policy and a long-term dividend cover target of greater than two."

Back above 140p.

Ex dividend 24th 4.59p

Strong today - Looks like a tip in IC (I haven't read it), although volume low as ever!

Re Contract

ISG secures £100m of new contracts for key private sector clients

Interior Services Group plc, the international construction services group, today announces that it has secured in the last four weeks new contract awards totalling £100m for key private sector clients.

Within the UK, ISG has been awarded four contracts totalling £70m, including a major new warehousing facility for a drinks company in Scotland and the fit out of a first class airport lounge at Heathrow's T2 for United Airlines.

Internationally, ISG has further expanded its blue-chip client base securing four projects totalling £30m, including a third project in Paris for one of the UK's leading retailers and an office fit out project for an International Health Care Company in Abu Dhabi.

MA crossover - ex dividend Wednesday @4.59p

ISG Lands A Place On Bristol Airport Framework

The four-year framework will underpin the airport's master plan for expansion, with passenger numbers predicted to increase to 10 million per year over the next decade. Projects expected to be delivered via the framework include the expansion of the airport terminal, new office accommodation for airport staff and retail space, enhanced public transport infrastructure and increased parking capacity.

Half Yearly Report

Group Highlights

· Performing well in core retail and corporate office markets despite difficult UK economic conditions
· Developing our presence in engineering services and hospitality sectors
· Growing reputation and traction in our overseas businesses
· Continuing revenue stream from London 2012 Olympics
· Net cash balance of £25.3m at 31 December 2012 (30 June 2012: £25.4m), with banking facilities renewed until September 2015
· Order book ahead by 9% at £766m (2011: £704m), of which £512m is for delivery in current year, with private sector bias of 80% (2011: 77%)
· Interim dividend maintained at 4.41p per share

Divisional Highlights

UK Fit Out

· Operating profit of £2.0m (2011: £2.3m) on revenue of £119m (2011: £92m)
· London office fit out market remains competitive, with project sizes smaller, but larger scale projects beginning to re-emerge
· Increased revenue from growing engineering services market
· Order book up 83% to £170m (2011: £93m)

UK Retail

· Operating profit, as anticipated, decreased to £2.6m (2011: £3.0m), on reduced revenue of £164m
· Business has maintained its market leading position and margins are stable
· Substantial work under frameworks carried out for the leading major UK supermarket and retail banking brands
· Order book lower at £102m (2011: £148m) reflecting decrease in investment in new build projects by retail customers

Continental Europe

· Operating profit of £1.1m (2011: £1.3m) on revenue of £51m (2011: £53m)
· Office fit out business saw France and Germany performing well, but Italy weaker
· Retail fit out business continuing to grow, working for several repeat customers
· Order book lower at £26m (2011: £49m); since period end awarded £15m of projects

Middle East and Africa

· Later project starts have again impacted the first half results
· New office in Johannesburg opened
· Order book up 100% from prior year to £20m supports a stronger second half

Asia

· Operating profit maintained at £0.7m (2011: £0.7m) reflecting higher margins despite lower revenue of £35m (2011: £47m)
· North Asia driven by strong retail, hospitality and leisure sectors
· South East Asia, successfully diversified into hospitality and leisure sector
· Continue to invest for growth in our consulting businesses
· Order book higher at £39m (2011: £27m) supporting stronger second half activity in South East Asia


UK Construction

· Revenue increased by 18% to £280m (2011: £237m) on the back of London 2012 Games overlay works contract, generating an operating profit of £0.7m
· Strategic focus is on repeat customers and frameworks
· Market conditions remain challenging - in process of reorganising UK East region
· Order book increased to £409m (2011: £377m) and now weighted 65% towards private sector (2011: 58%)

Panmure Gordon Buy 139.50 137.50 170.00 170.00 Retains

Interior services set for recovery in IC on Friday. PE ratio of under seven. Picked some up on Friday.

Another excellent day.

What is the sun out where you are ?