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Hyder Consulting PLC
Interim Management Statement
Hyder Consulting PLC, the multi-national design and engineering consultancy, issues its Interim Management Statement covering the period 1 April to 31 July 2014, with comments on trading relating to the first quarter ended 30 June 2014.
The Group overall performed in line with our expectations.
In Australia the order book increased and bidding activity remains high. As previously reported, delays in contract awards have affected results. In Asia results were in line with plan.
In the Middle East we performed well, our order book remains strong and we have many significant opportunities throughout the region. In Saudi Arabia our business is growing and we have recently secured new utilities contracts worth c£15 million.
OurUK business performed well, particularly in rail, and results were well ahead of the prior year and plan. The SR3C acquisition is integrating well, and performing in line with expectations. In Germany the order book has increased, and losses are reducing.
The Group remains in a strong financial position with substantial unutilised banking facilities.
Our outlook for the current financial year remains unchanged. The Group has an excellent order book, our financial position is strong and we have confidence in our future prospects.
Hyder Consulting PLC
Russell Down, Group Finance Director Tel: 020 3014 9000
Citigate Dewe Rogerson
Ginny Pulbrook Tel: 020 7282 2945
1. About Hyder Consulting PLC : Hyder Consulting PLC is a multi-national design and engineering consultancy operating in Asia, Australia, the Middle East, Germany and the UK. We employ approximately 4,500 people and apply our global expertise coupled with local knowledge to create award winning solutions for the transport, property, utilities and environment sectors.
2. This announcement is based on information obtained from unaudited management accounts.
3. This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and businesses of Hyder Consulting PLC. These statements involve risk and uncertainty because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those indicated by these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
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