PTSG Premier Technical Services Group Plc

TIDMPTSG

RNS Number : 5859Y

Premier Technical Services Grp PLC

10 May 2019

10 May 2019

Premier Technical Services Group PLC

("PTSG" or the "Group" or the "Company")

Q1 Trading Update

Premier Technical Services Group PLC, the niche specialist services provider, is pleased to announce a trading update for the 12 weeks to 31 March 2019.

Trading during the first quarter of the current year has been strong, and the recent acquisitions of Guardian and Trinity are performing ahead of management expectations.

Sales remain robust as contract renewal rates remain high and a number of significant three to five year contracts and framework agreements have been signed across all disciplines with new and existing customers since the beginning of the financial year. Notable sales wins include a fire solutions contract for London Underground, fixed wire testing for BMW and replacement fall arrest equipment for Morrisons.

This underscores our confidence in achieving a successful full year result in 2019, in line with the board's expectations.

John Foley, Chairman of PTSG, said:

"I commented in our 2018 results announcement on 26 March 2019 that 2019 had started well as we continued to deliver against our strategy to seek sector dominance in the markets we serve, which are underpinned by compliance demand. That position is unchanged, trading continues to be strong and the Board remains both confident and enthusiastic about the Group's prospects and performance. I look forward to updating shareholders on the Group's continued progress at the time of its AGM on 17 June 2019."

For further information, please contact:

 
PTSG                                     +44 (0)1977 668 771 
Paul Teasdale, Chief Executive Officer 
Numis                                    +44 (0)20 7260 1000 
Stuart Skinner 
 Kevin Cruickshank 
 Michael Burke 
 
Hudson Sandler                           +44 (0)207 796 4133 
Charlie Jack 
 Hattie O'Reilly 
 

About PTSG - www.ptsg.co.uk

Premier Technical Services Group PLC is the UK's leading provider of façade access and fall arrest equipment services, lightning protection and electrical testing, steeplejack and rope access services and fire solutions.

Operating through four divisions, Access & Safety, Electrical Services, Building Access Specialists and Fire Solutions, the Group provides highly-engineered industrial products and quality services and has a substantial presence in a number of niche markets.

PTSG provides a central information service for its businesses and champions the dissemination of key information and best practice. PTSG unites its constituent businesses under one clear identity, which supports smarter working and delivers top class service to its customers.

Headquartered in Castleford, West Yorkshire, the Group employs more than 1,200 people across 31 UK sites, who service more than 180,000 buildings across the whole of the UK for over 20,000 customers in a wide range of industries. The Company is listed on the LSE AIM (PTSG.L)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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