Strong growth at Scott Wilson

摘要

Announcing interim results for the 26 weeks to October 28 2007 on December 12, Scott Wilson Group plc reported revenue at its UK Railways Division up at ￡23.7m from ￡20.2m the year before, due to 'strong organic growth'. Operating profit, adjusted for 'the impact of amortisation of business combination intangibles, changes in the fair value of derivative financial instruments and the group's share of taxation in relation to joint ventures , was down at ￡1.2m from ￡1.6m. The decrease in adjusted operating margin from 8% to 5·2% was due to 'a number of major projects being slower to start than anticipated', as well as the run-off of a new five-year engineering consultancy framework agreement with Network Rail. This is expected to provide a general improvement in trading margins in the second half.