Interim Management Statement

Expro International Group PLC 26 July 2007 26 July 2007 EXPRO INTERNATIONAL GROUP PLC ("Expro" or "the Group") Interim Management Statement Expro International Group PLC, the oil field services company, today issues an Interim Management Statement for the quarter ended 30 June 2007 under the UK Listing Authority's Transparency and Disclosure requirements. Quarter 1 Performance The first quarter of the 2007/08 financial year has seen continued growth in revenue on a like for like basis compared to the prior year, despite the twin effects of foreign exchange and the ending of the exceptional Production Systems contract for Chayvo, which concluded in the third quarter last year. In recent years continued weakening of USD has provided a steady headwind to Expro's performance and 2007/8 is no exception, with sterling strengthening from 1.81 (Q1 2006/7) to 1.98 (Q1 2007/8). This currency movement alone corresponds to a 9.4% revenue headwind against which the business has delivered excellent growth. As expected, the underlying operating margin has continued to increase, following the trend of sequential margin improvements that have been a feature of recent results. There have been no significant changes to the balance sheet. During the first quarter we completed the disposal of ECGI in Canada, marking our successful withdrawal from this commodity land market. In Asia we formed a joint venture with China Oilfield Services Limited, further enhancing our relationships with national oil companies and indigenous service companies. As announced on 27 June 2007, Expro has signed a letter of intent with BP plc to develop and commercialise Expro's AX-S(TM) subsea intervention system. The letter signifies a clear intent by both parties to reach a mutually agreeable position to develop and exploit the full potential of Expro's AX-S(TM) technology. Outlook The outlook for future periods remains positive, with both short term trading and macro economic indicators supporting this view. Indeed, recent comments from the International Energy Agency highlight that increasing world energy demand is unlikely to be met without increased service intensity and new technologies to enhance recovery and support the development of challenging reserves. Therefore, the Board is confident that the Group will meet expectations for the current year and believes that the outlook for future periods remains positive. - Ends - For further information please contact: Expro International Group PLC 0118 959 1341 Graeme Coutts, Chief Executive Michael Speakman, Finance Director Weber Shandwick Financial 020 7067 0700 Nick Oborne / Rachel Taylor / Stephanie Badjonat Notes to Editors Expro's business is well flow management. Expro is a leading provider of products and services that measure, improve, control and process flow from high-value oil and gas wells. Key niche businesses must be able to command and sustain market share leadership through a combination of technological pre-eminence and/or operational economies of scale. They will have a high knowledge and service content and will be able to anticipate, meet and exceed customers' expectations. With its head office in the UK, Expro employs more than 4,000 highly-trained staff in 50 countries. For more information, please visit the Expro website www.exprogroup.com This information is provided by RNS The company news service from the London Stock Exchange
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