2 May 2013
James Fisher and Sons plc
Interim Management and AGM Statement
The Board of James Fisher and Sons plc ("James Fisher") today issues its interim management statement for the period from 1 January 2013 prior to its Annual General Meeting to be held today at 12.00pm.
James Fisher has started 2013 well and trading to date has been in line with management expectations.
Operational Overview
Specialist Technical has made a positive start to the year with ship to ship transfer volumes remaining strong and with an increase in the order book for our marine products and ports businesses. Offshore Oil continues to see increased demand both in the North Sea and in the fast growing markets of Brazil, Africa and Asia. The newly acquired Divex business is trading well and has now received a letter of intent for a major Saturated Diving System. Marine Oil, our coastal tanker business, continues to trade as expected.
The absence of last year's major Olympic contract and fewer projects within our Defence business, will weight growth this year more to the second half. But with its strong balance sheet, proven strategy and focus on the fast growing offshore and marine services markets across the world, James Fisher remains well placed to produce good growth and value for our shareholders.
Contacts
James Fisher and Sons plc |
Nick Henry |
Chief Executive Officer |
020 7614 9508 |
FTI Consulting |
Richard Mountain Sophie McMillan |
|
020 7269 7186 |
