17-Nov 2006

A GOOD FIRST YEAR AS A LISTED COMPANY

GSH Group plc (GSH), the international provider of bespoke facilities management and energy management solutions, announces final results for the year ended 31 July 2006 with turnover up by 15%, to £136m.

Underlying profit before tax was up by almost 50% to £6.7m before float costs and adjustments.

Bob Gilbert, Chairman of GSH said "These results demonstrate another excellent performance by the Group. The two acquisitions we made during the year were entirely in keeping with our plans to deliver increased turnover through a combination of both acquisitive and organic growth. Our key strengths mean that we can benefit from the continuing growth in the market.

The pipeline for new contracts are 'healthier than ever'. Over the year, the order book has increased from £482m to £532m.

GSH operates in the UK and Ireland, on the continent and in the US. International business accounts for 20% of group turnover, up from 16% in 2005.