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Trading statements

Servelec sees FY 2015 trading in ine with views

21 January 2016 07:44

Servelec said trading for the year to Dec. 31, 2015, will be in line with market expectations. It finished 2015 with a strong order book, an improving pipeline and an improved cash position. Directors remain confident in the group' outlook.

Servelec Health and Social Care has performed exceptionally well during 2015, compensating for a correspondingly softer performance from Servelec Automation where the continued weakness in the Oil & Gas market held back Servelec Controls and a slower than expected increase in sales under the AMP6 programme impacted Technologies.

This was partly mitigated by international wins, including contracts secured with GRT Gaz in France and Infrabel in Belgium.

Story provided by StockMarketWire.com

Related Company: SERV

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