HYC Hyder Cons

 

TIDMHYC 
 
RNS Number : 5397T 
Hyder Consulting PLC 
30 September 2010 
 

HYC.L 
 
                              Hyder Consulting PLC 
 
                              Pre close statement 
 
Hyder Consulting PLC, the multi-national advisory and design consultancy, 
provides the following trading update for the half year ending 30 September 
2010. The results for this period are scheduled to be announced on 16 November 
2010. 
 
Adjusted profit before tax for the half year ending 30 September 2010 is 
currently anticipated to be better than the Board's expectations and well ahead 
of the prior year. We expect to report a net cash balance as at 30 September 
2010, notwithstanding the second half weighting to our cash flows. 
 
Our Asia Pacific operations have continued to perform well, benefiting from 
strong sales performance, turnover growth and Alliance contract bonuses in 
Australia. Although project awards have been slower to come to fruition than 
anticipated in the Middle East, we have recently secured a number of important 
new contracts. In Europe, we have grown our UK water and rail businesses and 
profits have improved in Germany. 
 
The order book and bid pipeline remain strong with a number of significant 
project wins during the period: 
 
·      Hunter Expressway Alliance; Australia 
·      Innisfail Water Treatment Works; Australia 
·      Haikou International Exchange Centre; China 
·      Emirati Neighbourhoods; Abu Dhabi 
·      Engineering services for Jubail Industrial City; Saudi Arabia 
·      Boulevard 29; Dubai 
·      Halle Stadium; Germany 
·      Manchester Piccadilly Station refurbishment; UK 
·      Crossrail utility diversions; UK 
·      Ceredigion, Powys and Gwyneth highways framework; UK 
 
Over 70% of the Group's revenues and 85% of operating profits are derived from 
overseas. The continued improvements in key client management and operational 
efficiency give the Board confidence in the Group's ability to sustain this 
strong performance. 
 
Enquiries: 
 
+-----------------------------------+-----------------------------------+ 
| Hyder Consulting PLC              |                                   | 
| Ivor Catto, Chief Executive       | Tel: 020 3014 9000                | 
| Russell Down, Group Finance       | Tel: 020 3014 9000                | 
| Director                          |                                   | 
+-----------------------------------+-----------------------------------+ 
|                                   |                                   | 
| Biddicks                          |                                   | 
| Shane Dolan                       | Tel: 020 7448 1000                | 
+-----------------------------------+-----------------------------------+ 
 
Notes: 
 
1.  About Hyder Consulting : Hyder Consulting is a multi-national advisory and 
design consultancy operating in Asia, Australia, the Middle East, Germany and 
the UK. We employ approximately 4,000 people and apply our global expertise 
coupled with local knowledge to create award winning solutions for the 
transport, property, utilities and environment sectors. 
 
2. This announcement is based on information sourced from unaudited management 
accounts. Adjusted profit before tax excludes the amortisation of intangible 
assets arising on business combinations. 
 
3. This announcement contains certain forward-looking statements with respect to 
the financial condition, results of operations and businesses of Hyder 
Consulting PLC. These statements involve risk and uncertainty because they 
relate to events and depend upon circumstances that will occur in the future. 
There are a number of factors that could cause actual results or developments to 
differ materially from those expressed or implied by these forward-looking 
statements. Nothing in this announcement should be construed as a profit 
forecast. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 TSTEALNNASKEEFF 
 

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