REG - FIH Group PLC - Trading Update

FIHAnnouncement

30/07/2024 07:00

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RNS Number : 2947Y  FIH Group PLC  30 July 2024

FIH Group plc

("FIH" or the "Group")

Trading Update

 

FIH, the AIM quoted international specialist services group with businesses in
the Falkland Islands and the UK, provides the following update regarding the
Group's current and projected trading performance.

 

Group results for the year ended 31 March 2024, will be announced in early
August and the Board anticipates that profit will be broadly in line with
market expectations.

 

Trading in the Falkland Islands Company ("FIC") for the year ending 31 March
2025 is anticipated to be significantly below expectations, predominantly as a
result of delays in tender opportunities into future periods in Falkland
Building Services, FIC's housing and construction division.

 

The Group's other divisions (Portsmouth Harbour Ferry Company and Momart)
continue to perform in line with the Board's expectations.

 

In light of the above, the Board anticipates that Group profit for the year
ending 31 March 2025 will be materially below market expectations.

 

A further update will be provided as soon as practicable.

 

 

 

Enquiries:

 FIH group plc

 Stuart Munro, Chief Executive                    Tel: 01279 461630

 Reuben Shamu, Chief Financial Officer

 Zeus Capital Limited. - NOMAD and Broker to FIH

 Chris Fielding / James Bavister                  Tel: 0207 220 1666

 Novella Communications

 Tim Robertson / Chris Marsh                      Tel: 020 3151 7008

 

Market Abuse Regulation (MAR) Disclosure

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Stuart Munro Chief Executive of the Company.

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