Fisher (James) & Sons plc AGM Trading Statement (3694K)
05 Mayo 2022 - 1:01AM
UK Regulatory
TIDMFSJ
RNS Number : 3694K
Fisher (James) & Sons plc
05 May 2022
5 May 2022
James Fisher and Sons plc
AGM Trading Statement
James Fisher and Sons plc (FSJ.L) ('James Fisher', 'the Group'),
the leading marine service provider, today issues a trading update
for the first quarter of 2022 ("the period") prior to its Annual
General Meeting to be held today at 11am.
Revenue in the period was GBP109.9m (2021: GBP109.3m).
The Offshore Oil and Tankships divisions delivered good growth
against a comparator period adversely impacted by the pandemic.
As expected, Specialist Technical revenues in the period were
lower as a result of a number of projects nearing completion. Both
JFD and JFN continue to work actively on the conversion of a number
of significant new long term project opportunities.
Marine Support revenues in the period were at a similar level to
the prior year. Fendercare's higher margin ship-to-ship transfer
business continues to see subdued market demand, exacerbated by the
uncertainty caused by the current geopolitical environment;
consequently, management is restructuring the business to reduce
the cost base. The Marine Contracting businesses have started the
year well, underpinned by the Swordfish being fully utilised in the
period. The commencement of projects won, some of which will have
been delayed from the first half of the year, will ensure a good
performance through the busiest summer months.
The Group remains committed to its strategy of exiting non-core
businesses and expects to make further progress during 2022.
The Group's full year outlook remains unchanged .
For further information
Chief Executive
Officer
James Fisher and Eoghan O'Lionaird Chief Financial
Sons plc Duncan Kennedy Officer 020 7614 9508
FTI Consulting Richard Mountain 020 3727 1340
--------------------------------------- --------------
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTDZLFBLELXBBQ
(END) Dow Jones Newswires
May 05, 2022 02:01 ET (06:01 GMT)
Fisher (james) & Sons (LSE:FSJ)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Fisher (james) & Sons (LSE:FSJ)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024