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  • You are here:ISG

ISG trading resiliently on strengthening UK margins

ISG has said it is trading resiliently in line with expectations on the back of a strong performance in UK construction.

In a trading update, the firm said its order book was resilient, at £740 million compared with £822 million in the same period last year, and it expected to finish the year with a strong balance sheet, including £28 million cash.

International markets remained sluggish for the firm, but margins in UK construction were up, even though turnover was slightly down.

The firm said: “In London fit-out, we saw some recovery in revenues but with a highly competitive market place margins were under pressure. 

“Our retail business, through its focus on financial and food retail, has maintained revenues in-line with prior year, with margins improving in the second half of the year.  Our UK Construction business performed strongly due to increased margins, despite lower revenues.”

Preliminary results will be announced on 8 September 2010.