On 23 April 2008 the Group published its first Interim Management Statement. This reported that during the first quarter of the year results substantially exceeded those for the same period in 2007. The RPS board is pleased to report that this trend has continued into the second quarter, with all three segments of the Group showing substantial year on year growth in terms of both fee income and operating profit. The Group's balance sheet remains strong.
The Group has made seven acquisitions during the first half of the year for a total maximum consideration of £33.45 million. The acquired revenue was £40.4 million and acquired profit before tax £5.85 million. The integration of these businesses is proceeding satisfactorily, enabling further transactions to be contemplated for the second half.
The Board anticipates that the Group will publish excellent Interim Results on 31 July 2008.
Brook Land, Chairman of RPS, commented:
"The strong trading the Group experienced in the first quarter of the year has continued into the second quarter. It is particularly satisfying that all three segments of the Group are performing well."
24th June 2008
|RPS Group plc
Dr Alan Hearne, Chief Executive
Gary Young, Group Finance Director
|Tel: 01235 863 206|
|Tel: 020 7457 2020|
RPS is an international consultancy providing advice upon the development of natural resources, land and property, the management of the environment and the health and safety of people. We trade in the UK, Ireland, the Netherlands, Eastern Europe, North America, Australia and South East Asia and undertake projects in many other parts of the world. The Group is a constituent of both the FTSE 250 and FTSE4Good Indices.
Forward looking statements
This announcement contains certain forward looking statements with respect to the financial condition, results of operations and businesses of RPS Group 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.