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FSJ Fisher (james) & Sons Plc

274.00
-4.00 (-1.44%)
Last Updated: 10:50:47
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fisher (james) & Sons Plc LSE:FSJ London Ordinary Share GB0003395000 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.00 -1.44% 274.00 274.00 284.00 274.00 274.00 274.00 5,127 10:50:47
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Deep Sea Frn Trans-freight 520.9M -11.1M -0.2205 -12.43 137.95M

Fisher (James) & Sons plc Trading Update (7537P)

22/11/2016 8:30am

UK Regulatory


Fisher (james) & Sons (LSE:FSJ)
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RNS Number : 7537P

Fisher (James) & Sons plc

22 November 2016

22 November 2016

James Fisher and Sons plc

Trading Update

Current Trading and Outlook

James Fisher and Sons plc (FSJ.L) ('James Fisher' or 'the Group'), the UK's leading marine services company, today publishes its trading update for the quarter ended 30 September 2016

Reported revenue for the period was strongly ahead of the comparable period last year with organic growth supplemented by the benefit of two acquisitions and Sterling weakness. Sales in three of our divisions, Marine Support, Specialist Technical and Tankships, were all ahead of last year. Within Marine Support, ship to ship transfers continued to be strong. Specialist Technical made good progress against its order book and is trading well despite delays in the award of new nuclear decommissioning work. Offshore Oil revenue was 6% lower in the quarter but the division benefitted from a reduced cost base.

The resilience of James Fisher's marine service strategy, with its focus on specialist niches and on the faster growing regions of the World, is reflected in our recent financial performance. The Board's outlook for the full year remains unchanged from the time of our half year results.

Capital Markets Day

The Group will today hold a Capital Markets Day in London for institutional investors and analysts. Presentations will be given by members of James Fisher's senior management team, providing an update on strategy and insight into the Specialist Technical and Marine Support divisions. No further detail on current trading will be provided at the event. The presentation materials will be made available from 2.30pm this afternoon on the Group's website (www.james-fisher.com) to coincide with the start of the event.

Contacts

 
 James Fisher and Sons 
  plc                     Nick Henry          CEO    020 7614 9508 
-----------------------  ------------------  -----  -------------- 
 FTI Consulting           Richard Mountain           020 3727 1374 
-----------------------  -------------------------  -------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 22, 2016 03:30 ET (08:30 GMT)

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