Results and outlook as pre–warned, all to play for in the 2nd half!

The interim results for the 26 weeks to 28th March 2015 offer further detail on current trading following the profit warning announced on 4th June. The results and outlook have clearly been severely impacted by the current weakness in the Group’s core oil and gas markets with the overall order book, excluding the Alternative Energy Division, reduced by 35% since the last financial year-end. The short term priority has been the integration of the businesses acquired and the implementation of a new operating structure and management commented that this has been progressing well.