EAGA Eaga

RNS Number:1142G
Eaga plc
22 October 2007


                                    eaga plc


                          Interim Management Statement


eaga plc, a "Green" Support Services Company and the UK's leading provider of
residential energy efficiency solutions, announces its first "Interim Management
Statement" in respect of the period 1 June 2007 to 19 October 2007.


Trading

Trading was in line with our expectations and the Board remains confident that
the Group is on track to achieve its financial objectives for the current year.


Charles Berry, Chairman said:

"We are pleased to report that we have made a good start to the new financial
year and our business is performing in line with the Board's expectations. Group
revenues for the first quarter of the financial year increased substantially on
the equivalent period last year and profitability is in line with our forecast
performance".


We continue to pursue organic growth, particularly in our Government Contract
and Installations Service sectors:

     * We have been short listed for a number of significant contracts
       including the Digital Switchover Help Scheme for the BBC;

     * We will report upon the effect of the outcome of the Government's
       comprehensive spending review (CSR) as soon as that is known at the 
       operational level; and

     * We have invested in readiness for the doubling of activity under the
       carbon emissions reduction targets (CERT) placed upon utilities.


In line with our declared strategy for growth we have successfully completed the
acquisitions of another two central heating servicing and installation
companies, RG Francis Limited and AFR Limited, for up to #11.2 million and #3.0
million respectively.


Together these acquisitions provide us with a geographic footprint in London and
the South East and increase our capability to deliver services, particularly
into the social housing market.


We are actively pursuing further strategic acquisition opportunities to enhance
and broaden capabilities in our chosen markets.


Appointment of New Non - Executive Director

We are pleased to announce the appointment of Tracy Clarke, Group Human
Resources Director of Standard Chartered plc, as a Non-Executive Director adding
further strength and depth to eaga's Board.


Outlook

We believe that the prospects for our business remain encouraging after a
positive start to the year. eaga remains particularly well placed to build upon
opportunities presented by consolidation in servicing the social housing market
as well as the broader climate change and carbon economy agendas.


ENDS



For further information please contact:

eaga plc

0191 247 3800

John Clough MBE, Chief Executive
Ian McLeod, Group Finance Director
Ross Armstrong, Director of Corporate and Government Affairs


Hogarth Partnership

020 7357 9477


Chris Matthews
Andrew Jaques
Ian Payne

Brewin Dolphin Investment Banking

0191 279 7531

Graeme Summers
Andrew Kitchingman







                      This information is provided by RNS
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