Fisher (James) & Sons plc Trading Update & AGM Statement (8130X)
02 May 2019 - 4:00PM
UK Regulatory
TIDMFSJ
RNS Number : 8130X
Fisher (James) & Sons plc
02 May 2019
2 May 2019
James Fisher and Sons plc
Trading Update & AGM Statement
The Board of James Fisher & Sons plc ("James Fisher") issues
a trading update for the period from 1 January 2019 to date prior
to its Annual General Meeting to be held today at 11.00 am.
Trading is in line with management expectations and first
quarter financial performance at its Tankships and Offshore Oil
divisions in the first quarter is well ahead of last year. Marine
Support and Specialist Technical will be more second half weighted
this year due to the timing of projects. The pipeline of
opportunities in Specialist Technical remains strong.
Our renewables business within Marine Support won its first
contract for Triton Knoll, a 90 turbine windfarm being built 32
kilometres off the Lincolnshire coast and our high voltage
engineering specialist business, EDS, has been awarded a 15 year
operations and maintenance contract for Offshore Transmission
(OFTO) assets at Greater Gabbard. The Group completed two
acquisitions in January 2019. Martek adds to our marine offering
with a range of innovative safety and calibration systems and
Murjan broadens our capability and breadth of services in the
Middle East.
With a good start to 2019, the Board considers that the Group's
outlook for the year remains positive and that James Fisher
continues to be well placed to provide further growth and value for
shareholders.
Contacts
James Fisher and Sons
plc Nick Henry CEO 020 7614 9508
FTI Consulting Richard Mountain 0203 727 1374
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