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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Smc Grp | LSE:SMC | London | Ordinary Share | GB00B086GY58 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.625 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7569Q SMC Group Plc 26 March 2008 26 March 2008 SMC Group Plc Trading Update and Notice of Results Following the successful restructuring, refinancing and strengthening of the management team which has taken place since June 2007, SMC Group Plc is pleased to announce the following trading update ahead of its preliminary results due for publication on 3rd April 2008: *H2 07 revenues are expected to be approximately £23.0m vs H1 07 revenues of £21.1m - an increase of circa 9% from the first half, giving full year 07 revenues of circa £44.1m; and *H2 07 EBITDA* is expected to range between £3.7m and £4.0m vs H1 07 EBITDA* of £1.2m - an increase of at least 300% from the first half, giving expected full year 07 EBITDA* of between £4.9m and £5.2m. * EBITDA stated before exceptional items Whilst recognising the one off charges associated with the restructuring, refinancing and write downs incurred in the year, the Board believes that the steps taken during 2007 have been effective, resulting in cost savings and increased revenues as demonstrated by the expected increases in H2 07 revenues and EBITDA (before exceptional items) over those reported in the first half. From this new base, trading in 2008 continues to be robust and the Board believes further opportunities for efficiencies and growth via integration of the businesses can be realised. Executive Chairman, Sir Rodney Walker said," I am pleased with the progress the business has made since last summer. With the debts of the business, including contingent consideration, significantly reduced as a result of the open offer and with stronger management in place, led by new MD Chris Littlemore, in place, we can now continue to build on the opportunities open to us as one of the UK's leading architectural services businesses." - ends - For further information: SMC Group Plc Tel: +44 (0)20 7495 5335 Chris Littlemore/Rob Boardman Numis Securities Limited Tel: +44 (0)20 7260 1000 Stuart Skinner/Brent Nabbs/James Serjeant Bell Pottinger Corporate & Financial Tel: +44 (0)20 7861 3232 David Rydell/Chris Hamilton This information is provided by RNS The company news service from the London Stock Exchange END TSTJAMPTMMBTBAP
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