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PTSG – Trading in line with expectations

PTSG – Trading in line with expectations

PTSG, the niche specialist services provider has previously announced that it was performing well in the first half. This performance has continued, PTSG has noticed an increase in compliance awareness among their 17,000 customers and have experienced continuing sales growth and strong levels of orders in the year to date.

The Group has secured new contract wins across all its disciplines, including a number of multi-discipline framework agreements with new and existing customers and contract renewal rates remain high, which underpin their organic growth plans.

The integration of BEST, which was acquired early in July 2017 to enhance PTSG’s number one market position in the lightning protection market, has started well and is progressing to plan. Nimbus Lightning Protection Ltd, which was acquired in January 2017, has been fully integrated into the Electrical Services division and is performing in line with expectations.

In the first few weeks of the second half, the Group is trading in line with expectations for the full year as recently upgraded for the BEST acquisition. The directors look forward to providing a full update on the Group’s progress in the interim results announcement in September.