WHY White Young

RNS Number:2574O
White Young Green PLC
30 June 2005


For Immediate Release                                30 June 2005



                             WHITE YOUNG GREEN PLC

                        PRE-CLOSE PERIOD TRADING UPDATE


White Young Green Plc ("WYG"), consultant to the built, natural and social
environment, is pleased to provide this pre-close period trading update for the
financial year ending 30th June, 2005. This statement confirms important new
contract awards, the continued success of recent acquisitions, including IMC
Consulting, and a further strengthening of the order book.



Market conditions continue to be favourable and the Group expects profit before
tax and goodwill amortisation for the year to 30th June, 2005, to be
significantly ahead of the same period last year and in line with current market
expectations.



Recent contract wins provide further visibility of future earnings with order
book now equivalent to more than two years net turnover at #230m, an increase of
15% on this time last year. Major projects awarded to WYG in the period since
the announcement of interim results on 1st March 2005 include the following:-


* A Euro10m EU funded contract secured by IMC Consulting to manage the 
  modernisation of municipal administration throughout Syria utilising, for the
  first time, many of WYG's traditional infrastructure, environmental and 
  property related skills. The project focuses on strengthening the role,
  responsibility and capacity of local government in Syria in areas such as 
  urban planning, property management, public-private partnerships, economic 
  development, integrated public transport strategies, solid waste management
  and sustainability policies. It applies best practice from across Europe to 
  six pilot cities over an initial 42 month delivery period. As a consequence 
  of this and other project wins the order book for IMC Consulting has increased 
  from #21m at the time of acquisition to its current position of more than #36m.


* An appointment by the University of York to provide wide ranging project 
  management, environmental, engineering and other masterplanning services
  associated with a new #500m campus on the 70 hectare Heslington site. WYG's
  duties on the project include the preparation of a detailed infrastructure
  design guide for the development which will address issues such as
  sustainability, utility services provision, building services strategy, energy
  management, landscape design and risk management. First occupancy on the site,
  which will house 7,400 students and staff, is scheduled for 2008.


* A four year framework contract to provide town planning consultancy
  services to the South West of England Regional Development Agency (SWRDA).
  Services to be provided under the commission will be wide ranging and will
  include advice on specific major development proposals, through planning
  application and planning policy work to the presentation of public enquiry
  evidence on behalf of SWRDA.



Further details of these and other recent successes will be provided when the
Group announces its preliminary results on 27th September, 2005.








                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

TSTURRBRVNRNORR

White Young (LSE:WHY)
Historical Stock Chart
From Aug 2024 to Sep 2024

White Young (LSE:WHY)
Historical Stock Chart
From Sep 2023 to Sep 2024