Trading update

RNS Number:3602I
Expro International Group PLC
06 March 2003


Embargoed until 07.00                           6 March 2003


                EXPRO INTERNATIONAL GROUP PLC
                   ("Expro" or "the Group")

                       Trading update

At  the  time of the announcement of Expro's interim results
on  4  December,  the Group indicated in the Chairman's  and
Chief  Executive's  Statement  certain  concerns  over   the
outlook  for the second half of the year in light of  global
economic and political uncertainties.  Unfortunately,  since
then  trading  has  become  more difficult.   This  reflects
operators' caution that high commodity prices are driven  by
developments in the Middle East rather than by a fundamental
supply / demand imbalance.

As  a result of these conditions, as an update to the market
the  Board  currently  expects earnings  per  share  (before
goodwill  amortisation)  for the second  half  of  the  year
ending  31 March 2003 to be in the region of half the  level
achieved  in  the first six months of the year and  on  this
basis below current market expectations.

While  general trading has been more challenging there  have
also been a number of specific factors that have contributed
to  the likely outcome for the second half of the year.   In
the   Gulf   of  Mexico  in  particular,  the  deferral   of
development  projects and curtailment of well operations  by
customers  seeking to maximise cash flow in a high commodity
price  environment has affected performance.  Conditions  in
the  US onshore and shallow water of the Gulf of Mexico have
remained   very  weak  during  January  and  February   and,
additionally, several deepwater projects have been  deferred
into  the  next fiscal year.  In the Africa / FSU  and  Asia
Pacific   regions,  underlying  confidence  remains  strong,
though   again,  awarded  work  which  would  have   largely
compensated  for  shortfalls  in  the  Gulf  of  Mexico  has
recently  slipped  into the early part of  the  next  fiscal
year.   In the meantime, Europe has experienced the  reduced
levels  of  activity previously expected.  The business  has
also  been  subject  to a progressive weakening  of  the  US
dollar  and  significant  cost  increases  in  relation   to
insurance  which, in a more buoyant market, would have  been
more easily absorbed.

John  Dawson,  Chief  Executive, commented:  "While  today's
announcement is disappointing, it does reflect the difficult
trading environment we, and many of our US and international
peer group, have been experiencing.

"Expro  continues to be successful in securing new  contract
awards  and  its market share in key geographic and  service
segments  remains  stable  or improving,  although  industry
caution  will inevitably cause the immediate outlook  to  be
uncertain.

"We  continue  to be cash generative, have a robust  balance
sheet  and, in the absence of unforeseen circumstances,  the
Board  would expect to maintain the final dividend of  7.1p,
following  an  increase in the interim  dividend  of  3%  to
3.8p."

                          - Ends -

For further information please contact:

Expro International Group PLC                  0118 9591 341
John Dawson, Chief Executive
Eric Woolley, Finance Director

Weber Shandwick Square Mile                    020 7067 0700
Tim Jackaman/ Kirsty Hall/ Rachel Taylor




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