Waterman Group PLC Trading Update (3751V)
30 January 2017 - 6:00PM
UK Regulatory
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
END
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