Firm forecasts full-year results to be ahead of expectations
Sweett Group has reported an upturn across all its UK markets as it forecast a positive set of financial results for the six months to 30 September.
In a statement to the City, the firm said it expected its results for the year ending 31 March 2014 would “slightly ahead of management’s expectations”.
It said in the UK the firm had seen “improved momentum” in the retail, commercial and healthcare markets and that its expansion into transport, energy and infrastructure work was going well.
Sweett Group also said that the Middle East region was experiencing a “resurgence in terms of activity”.
The firm said it had just opened its fifth Indian office, in Kolkata, and that growth was maintaining a “healthy pace”.
The firm also announced it would receive a £1m boost to its income because it had “unwound the whole of its Australian dollar derivative contract”.