24 November 2017

James Fisher and Sons plc

Trading Update

James Fisher and Sons plc (FSJ.L) ('James Fisher' or 'the Group'), the UK's leading marine services company, today publishes its trading update for the period ended 31 October 2017.

Revenue for the ten months ended 31 October was 7% ahead of the comparable period last year.  Our Marine Support activities continue to show good growth with ship to ship volumes being boosted by new operations in Brazil and our Renewables businesses gaining further momentum with the award of the first work package for the East Anglia One windfarm development.

Specialist Technical made good progress against its order book with trading levels similar to last year despite some slowing in our nuclear decommissioning work.

In Offshore Oil, the pick-up in activity levels noted in our Interim Results has not been maintained into the Autumn.  As a result the second half contribution from this division will be ahead of the first half, but its full year result will be lower than last year. 

Tankships continued its positive track record of recent years.

Overall James Fisher continues to make good progress and its outlook for the year remains unchanged.

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