Contractor says first half trading is in line with expectations
ISG has reported a 7% increase in its order book to 拢761m for the end of October, from 拢709m the previous year.
In a trading statement to the City this morning, the contractor said trading since its financial year end on 30 June 2012 has been in line with expectations.
The firm said it expected revenues to show 鈥渕odest growth鈥� over the period, 鈥渁lbeit with margins in the UK remaining under pressure鈥�.
ISG鈥檚 revenue rose 9% to 拢1.28bn and pre-tax profit fell 70% to 拢3m during the last financial year.
ISG added: 鈥淭he industry continues to experience challenging economic conditions, particularly in the UK.
鈥淥ur response is to continue to target growth sectors such as data centres, international retail and hospitality, to invest in our overseas businesses and to manage our cost base in areas of contraction or low profitability.
鈥淲e remain confident of meeting the Board鈥檚 expectations for the full year, with a bias towards the second half of the year.鈥�
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