HYC Hyder Cons

 

TIDMHYC 
 
RNS Number : 1793W 
Hyder Consulting PLC 
23 July 2009 
 

 
 
HYC.L 
 
 
Hyder Consulting PLC (the 'Group' or 'Hyder') 
Interim Management Statement 
Hyder Consulting PLC, the international advisory and design consultancy, will 
make the following Interim Management Statement at its Annual General Meeting to 
be held at 2.00 p.m. today at the offices of Wragge & Co LLP, 3 Waterhouse 
Square, 142 Holborn, London, EC1N 2SW. 
 
Trading since 31 March 2009 has overall been in line with our expectations and 
slightly ahead of the prior year.  The order book is largely unchanged with the 
exception of adverse foreign exchange movements. However the client mix and 
scale of the projects we have recently won are reflecting our new market led 
strategy, for example: 
 
In Australia: 
     Melbourne M80 Ringroad Alliance 
Old Pacific Highway upgrade 
Building the Education Revolution - design and upgrading of over 500 schools 
In Hong Kong: 
Mass Transit Railway - Whampoa underground station and over-run tunnel 
Mass Transit Railway - Trackside auxiliaries C821 
In the Middle East: 
CMA Tower : Saudi Arabia 
Fujairah Mall Architecture : Fujairah UAE 
Al Ain Zoo Infrastructure : Abu Dhabi UAE 
Michael Schumacher Tower : Abu Dhabi UAE 
In UK / Europe: 
A2 Broadbridge Dualling 
South West Water AMP5 Framework 
Crossrail utility diversions 
Highways Agency technical frameworks 
Braunschweig - Salzgitter light rail 
 
 
Our restructuring programme and performance review have been completed; these 
were designed to align regional operations with our core markets, improve 
efficiency and deal with changes in market conditions. Since the year end there 
has been a further net reduction in staff of 200, primarily in the UK and Dubai. 
As a consequence staff numbers as at 30 June were 4,495. 
In Asia Pacific the markets are generally firm, and, following the 
restructuring, results are ahead of our expectations and well ahead of the prior 
year. We have a strong order backlog of property and infrastructure projects 
from the Australian public sector. 
Our business in the Middle East is continuing to perform well, particularly in 
Abu Dhabi and Qatar. The Dubai property market remains difficult, and the lack 
of liquidity is affecting trade receipts. We are closely monitoring the affected 
contracts and our close client relationships have helped to secure a number of 
important payments since the year end. 
Our UK transport business is performing well, whilst the property and 
environment businesses have performed less strongly and have been downsized in 
the current market conditions. Our German business is benefiting from the recent 
restructuring and the merger of operations under the Hyder brand. 
The Group has a longstanding presence in overseas markets, where almost 70% of 
revenues are earned. Our diversified presence across geographies and markets 
gives us confidence and our outlook for the current financial year remains 
unchanged. 
Contact: 
 
 
+-----------------------------------------+-----------------------------------------+ 
| Ivor Catto, Chief Executive             | Tel: +44 (0)20 7904 9011                | 
+-----------------------------------------+-----------------------------------------+ 
| Russell Down, Finance Director          | Tel: +44 (0)20 7904 9020                | 
+-----------------------------------------+-----------------------------------------+ 
| Shane Dolan, Biddicks                   | Tel: +44 (0)207 448 1000                | 
+-----------------------------------------+-----------------------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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