Found this interview with Paul Hamer Chief Executive Officer & Sean Cummins Group Finance Director from WYG Plc.

Have a listen:

http://www.brrmedia.co.uk/event/98452/paul-hamer-chief-executive-officer--sean-cummins-group-finance-director

Half Yearly Report

RNS


RNS Number : 5330Y

WYG Plc

02 December 2014






2nd December 2014



WYG plc ("WYG" or the "Group")

Half Year Report

Strong profit and order book growth with further improvement expected in the second half of the year



WYG, the global programme, project management and technical consultancy, announces its half year results for the six months ended 30 September 2014.



Financial highlights:

Strong profit growth on revenues marginally up from second half of financial year 2014

· Revenue* of £63.2m (H1 2013: £63.9m; H2 2014: £63.0m)

· Operating profit** up 20% to £2.1m (H1 2013: £1.7m)

· Adjusted profit before tax** up 35% to £1.9m (H1 2013: £1.4m)

· Loss before tax of £0.4m (H1 2013: £0.7m)

· Adjusted** earnings per share of 2.9p (H1 2013: 1.8p)

· Resumption of interimdividend at 0.3p per Ordinary Share (2013: nil)

· Unrestricted cash after investments as at 30 September 2014 of £6.6m (H1 2013: £12.5m)



*Including share of Joint Venture revenues

**Before separately disclosed items



Operational highlights:

Strong underlying growth offset by delayed approval of EU Budget

· 13% increase in UK revenue to £40.0m driven by buoyant infrastructure and planning markets

· Strong contract wins in EEA and MENA following diversification strategy; revenue held back by EU Budget hiatus (Budget was finally approved in December 2013)

· Prior period focus on quality revenues underpinned improvement in Group profitability

· Acquisition of Alliance Environment and Planning Limited (Alliance Planning) creates one of the largest planning businesses in the UK



Post period end and Outlook:

· Trading since the half year end is in line with management's upwardly revised expectations

· Order book increased by 10% to £95.5m at 30 September 2014 (31 March 2014: £86.8m)

· Success with key clients and major frameworks underpins future revenue expectations

· Won 6 of 7 targeted major frameworks in the UK; potentially delivering over £100m of revenue over next 3-7 years

· International development opportunities have grown post period end

· €130m estimated pipeline of project opportunities in pre-accession countries following EU budget approval

· Strong pipeline across Africa following significant increases in DFID and EuropeAid budgets for the region



Paul Hamer, Chief Executive Officer of WYG, said:

"We have enjoyed a very positive first half. Building on last year's momentum, the UK has performed particularly well and we have retained or won the overwhelming majority of the key framework agreements that we have bid for, which are expected to generate a substantial proportion of our revenues over the next 2 to 3 years.

"We have also won a number of important new international contracts, significantly improved our order book, and further strengthened our business through acquisitions and investments.

"We are already seeing an acceleration of international development opportunities and the benefits of the approval of the EU Budget during the second half of the year, creating almost more opportunity than WYG can service so we continue to place a strong emphasis on the formation of strategic partnerships and identifying select acquisitions which can contribute to the Group's strategic ambitions.

"Overall, we are pleased with the improvement in profitability so far. The strong order book growth we are beginning to see allows us to be confident about WYG's long term prospects."

Strategic Review
RNS
RNS Number : 0847D
WYG Plc
26 January 2015

This is an announcement falling under Rule 2.4 of the City Code on Takeovers and Mergers (the "Takeover Code") and does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the Takeover Code. There can be no certainty that an offer will be made nor as to the terms on which any offer might be made.





FOR IMMEDIATE RELEASE



26th January 2015



WYG plc ("WYG" or the "Company")



Strategic Review







WYG, a global programme, project management and technical consultancy firm, today announces that the Board has initiated a formal review of strategic options open to the Company, with the intention of ascertaining whether there are options which could better enable WYG to take full advantage of its growth potential, to the benefit of clients, employees and shareholders.



Since its financial restructuring was completed in July 2011, WYG has implemented a strategy to refocus its operations and is now well established as a leading global consultancy with a strong International Development capability. WYG has achieved a turnaround in profitability and is now well positioned for future growth.



As can be seen from WYG's Half Year Report released on 2nd December 2014, WYG is enjoying strong growth in its project pipeline and is creating almost more opportunities than it can readily service directly using its existing model of organic growth, supplemented by smaller bolt-on acquisitions and partnerships.



Against this background, the Board of WYG recognises that this strategic review may or may not conclude that, given its current relative scale, being part of a larger business or expanding the scale of its current operating platform would provide significant advantages and better position the Company to take full advantage of its growth potential. At this stage, however, all options available to the Company are being considered.



The review will, therefore, incorporate a range of strategic options including a potential corporate transaction, such as a strategic partnership, a merger or acquisition to enhance the scale and breadth of WYG's platform, the acquisition of or subscription for the Company's securities by a third party, a sale of the Company, a new or extended bank facility or continuing to invest in expanding the business organically and through partnerships and bolt-on acquisitions.



As a consequence of this announcement, the Company is now considered to be in an "Offer Period" as defined in the Takeover Code. The dealing disclosure requirements and other provisions of the Code that now apply are listed below. A further announcement will be made as and when appropriate.