PHSC PLC
(“PHSC”, the “Company”, or the “Group”)
Trading update
PHSC plc, a leading provider of health, safety, hygiene and environmental consultancy services and security solutions to the public and private sectors, is pleased to announce an update on its performance up to the end of the third quarter of its financial year.
Consolidated Group sales and EBITDA (per management accounts, unaudited) for the nine months ended 31 December 2013 were as below:
Group sales and other income: GBP 5,715,755 (nine months ended 31 December 2012: GBP 3,856,440).
EBITDA: GBP 475,378 (nine months ended 31 December 2012: GBP 362,800, adjusted for exceptional item).
Net assets stood at GBP 6,282,881 (at 31 December 2012: GBP 5,488,564) including cash at bank of GBP 180,000.
Stephen King, CEO, said: “The Group’s total revenues are up 48% on this time last year, and EBITDA is 31% higher than for the corresponding period. All of the additional revenues and earnings arise from our two most recent acquisitions, B to B Links Limited and QCS International Limited. The remaining health and safety-related businesses continue to face challenging market conditions, but taken together they still account for the majority of Group income and profit.”
“Trading was, as anticipated, noticeably lower over the Christmas and New Year period, with many clients closed down for the holidays or focussing on other priorities. In consequence, December’s sales figures were adversely affected.”
“The board looks forward to a strong final quarter in line with the trend in recent years and is confident that its previous projection of EBITDA for the full year of between GBP 700k-750k remains attainable.”
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For further information please contact:
PHSC plc
Stephen King 01622 717700
Stephen.king@phsc.co.uk
www.phsc.plc.uk
Northland Capital Partners Limited
Gavin Burnell / Edward Hutton 020 7382 1100
John Howes / Alice Lane
