Trading Statement

Aukett Group PLC 27 March 2001 AUKETT GROUP PLC: TRADING STATEMENT Aukett Group Plc, the architecture, design and engineering consultancy, announces that trading and profitability during the first half of the current financial year will lead to the results for the full year to 30 September 2001 being well below market expectations. Group profit margins have suffered from new projects commencing at a slower rate than had been anticipated, particularly in the United Kingdom. In contrast, Continental European operations continue to perform well, and further growth is anticipated over the coming year. As a result, the Group profit before tax for the six months ending 31 March 2001 is expected to be less than half the comparable figure last year. The slow down in the US economy has had an effect on the volume of work being generated by the IT sector. This relates to both internet infrastructure work, an area of particular expertise within the Group, and projects for clients whose businesses relate strongly to the IT sector. The performance from other sectors which the Board has identified for expansion, such as retail and transport, has also been disappointing during the first half of the year. In addition, this slow down in growth in the UK has affected the return on investment which was put in place last year to improve the Group's systems and operations in line with the Board's stated expansion strategy. Recent contracts secured in the UK include the successful bid, with Development Securities, for the redevelopment of Royals Business Park in London's Docklands. This, together with other recent project wins should ensure better margins in the second half. - ends - Enquiries: - Aukett Group Plc Andrew Lett, Executive Chairman 020 7924 4949 John Thake, Managing Director Robert Warner, Finance Director Binns & Co PR Ltd Peter Binns, Carole Butcher 020 7786 9600
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