But company predicts “substantial progress” following large wins
Contractor ISG sounded a note of caution on the future of the commercial fit-out market, but said it was in line to make substantial progress on the back of two major project wins.
In a pre-close update on the six months to 30 June, the firm said its contracts to build the Velodrome for the 2012 London Olympics, and to fit out KPMG’s new offices in Canary Wharf would help it to a forward order book of £1bn.
It pronounced itself “cautious” about the prospects for the smaller, commercial fit-out market, but said this would not prevent it trading in line with expectations.
ISG’s preliminary results will be released on 9 September.