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AWG Asbury Automotive Dl 01

208.00
-2.00 (-0.95%)
05 Jul 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Asbury Automotive Dl 01 TG:AWG Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -0.95% 208.00 206.00 208.00 0.00 22:50:15

Contract Wins

21/07/2003 11:00am

UK Regulatory


RNS Number:7560N
AWG PLC
21 July 2003



For Immediate Release                        21 July 2003


               AWG wins over #400m of new
             contracts in the first quarter


AWG  Plc  announces  that  its infrastructure  management
business (IMB) has won contracts with a combined turnover
value  in excess of #450m in the three months to 30  June
2003.

Approximately 50 per cent of the revenue is  expected  to
be generated within the first 12 months, with the balance
spread over two to five years.

New contracts, or renewal of existing contracts, were won
by the three infrastructure management divisions: Utility
Services,  Government  Services  and  Project  Management
Services.   The  largest  single  contract  is   in   the
Government Services division for Birmingham City Council,
following the acquisition in March 2003 of the repair and
maintenance  contracts for housing and  property  in  the
city.   The #250m contract is expected to generate   #50m
per annum over the five-years to 2008.

Elsewhere, Utility Services successfully renewed a three-
year,  #9m  per  annum  contract  in  the  water  sector.
Project  Management Services' gains include  a  two-year,
#38m  per  annum contract to construct 7.2km of new  road
and associated structures in Scotland.

                           END

Contact details:

Mike Keohane
Group Director Human Resources & Communications   01480 323 000

Susan Ellis / Rachel Taylor
Weber Shandwick Square Mile                       020 7067 0700


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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