StockMarketWire.com - Premier Technical Services Group, a niche specialist services provider, has announced 'strong' trading for the first quarter.

Trading during the first quarter of the current year has been strong, and the recent acquisitions of Guardian and Trinity are performing ahead of management expectations.

Sales remain robust as contract renewal rates remain high and a number of significant three to five year contracts and framework agreements have been signed across all disciplines with new and existing customers since the beginning of the financial year.

Notable sales wins include a fire solutions contract for London Underground, fixed wire testing for BMW and replacement fall arrest equipment for Morrisons.

The company says this underscores its confidence in achieving a successful full year result in 2019, in line with the board's expectations.

John Foley, chairman of PTSG, said: 'I commented in our 2018 results announcement on 26 March 2019 that 2019 had started well as we continued to deliver against our strategy to seek sector dominance in the markets we serve, which are underpinned by compliance demand.

'That position is unchanged, trading continues to be strong and the Board remains both confident and enthusiastic about the group's prospects and performance. I look forward to updating shareholders on the Group's continued progress at the time of its AGM on 17 June 2019.'




Story provided by StockMarketWire.com