2010 - November 2010

Solid Six Months for Henry Boot PLC – 12/11/10


Henry Boot PLC has reported a solid six months trading today, despite tough market conditions and uncertainty over the future of government spending.

HBC’s parent group said it continued to trade profitably in line with the Board's expectations during the period 1 July to 11 November, as detailed in their Second Interim Management Policy Statement.

Tight cost control and cash generation remain key targets and the company reduced net debt by approximately £12m since June 2010 to £13m, meaning the financial position of the group remains strong.

“The government's spending review is undoubtedly going to have an impact on the economy in general. However, with our mix of public and private sector clients, we feel well placed to weather the predicted reduction in public sector-related construction activity.”

John Sutcliffe, Group Finance Director

For more information link to Henry Boot PLC or contact:

Steve Allen
Business Development Manager