Waterman Group PLC Trading Update (3751V)

TIDMWTM

RNS Number : 3751V

Waterman Group PLC

30 January 2017

WATERMAN TRADING UPDATE

Waterman Group plc ("Waterman" or "the Group"), the engineering and environmental consultancy, today releases a Trading Update ahead of the announcement of the Group's Interim Results for the

half-year ended 31(st) December 2016.

Waterman has experienced a positive interim trading period and the Board expects to report Interim Results consistent with market forecasts for the year as a whole, with revenue, profit and operating margin percentage generally in line with the prior year comparable period.

A continuing emphasis on working capital management has resulted in the Group expecting to report net funds at 31(st) December 2016 of GBP6.7m (GBP5.5m at 30(th) June 2016 and GBP6.6m at 31(st) December 2015).

As previously noted in the Chairman's Statement in the 2016 Annual Report, the Board's aspiration is to continue to increase dividends payable to shareholders consistent with the cash generative nature of our business and we expect to declare an increased interim dividend consistent with this aspiration.

The Group will report its Interim Results on 28(th) February 2017.

- ends-

Date: 30 January 2017

For further information please contact:

Waterman Group plc N+1 Singer Capital Access Group

   Nick Taylor, Chief Executive                              Sandy Fraser               Scott Fulton 

Alex Steele, Chief Financial Officer Jessica Bradford

020-7928-7888 020-7496-3176 020-3763-3400

Web: www.watermangroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

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January 30, 2017 02:00 ET (07:00 GMT)