Sureserve Group PLC Trading Update (2322O)
07 Octubre 2021 - 1:00AM
UK Regulatory
TIDMSUR
RNS Number : 2322O
Sureserve Group PLC
07 October 2021
7 October 2021
Sureserve Group plc
("Sureserve" or the "Group")
Post year-end trading update
Strong performance with full year expectations in line with
management's expectations
Sureserve (SUR.L) is pleased to provide an update in relation to
its financial year ended 30 September 2021. The Group continued to
experience strong growth in revenue, earnings and cash flow and the
Board therefore expects results for the financial year to be in
line with management's expectations.
The Group's cash performance has remained strong and as at 30
September 2021 net cash stood in excess of GBP16m (30 September
2020: GBP3.7m net of deferred VAT). The order book continues to
demonstrate growth, up more than 30% on the order book at the end
of the previous year (2020: GBP356m). This performance demonstrates
the resilience and continuing demand for our services which are
non-discretionary in nature and driven by mandatory inspections and
accreditation requirements, alongside services which form a
critical part of the Government's growing Green Agenda.
Sureserve will publish its full year results on Tuesday 25
January 2022.
Chairman Nick Winks commented:
"I am pleased to report that the financial year to 30 September
2021 saw the gradual return to the pre- Covid levels of full
trading across the Group. Consequently, we expect results for the
full year to be in line with our expectations.
The Board is focussed on our medium- term strategic options and
is progressing with its search for a Chief Executive Officer as a
matter of priority. Our growth strategy remains, as previously
announced, focused on expansion through a mix of organic growth and
prudent, earnings enhancing acquisitions.
I would like to take this opportunity of thanking our Interim
Chief Operating Officer, Peter Smith, who agreed to assist the
Group temporarily by combining the roles of Chief Financial Officer
and many of the Chief Executive Officer's responsibilities over the
last six months ."
Enquiries
Sureserve Group
Nick Winks, Chairman 07973 316544
Peter Smith, Chief Financial Officer 07590 929431
Camarco (Financial Public Relations)
Ginny Pulbrook 020 3757 4990
Rosie Driscoll
Toby Strong
Shore Capital (Nominated Adviser and Broker)
Stephane Auton
Daniel Bush
Fiona Conroy 020 7408 4090
Notes to editors
Sureserve is a leading compliance and energy services group that
performs critical functions in homes, public and commercial
buildings, with a focus on clients in the UK public sector and
regulated markets. Services are delivered through two divisions:
Compliance and Energy Services.
The Group was founded in 1988 and is headquartered in Basildon.
It currently employs some 2,427 staff from 22 offices across the
UK.
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
TSTFSMFFMEFSEFS
(END) Dow Jones Newswires
October 07, 2021 02:00 ET (06:00 GMT)
Sureserve (LSE:SUR)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Sureserve (LSE:SUR)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024