StockMarketWire.com - Engineering services group Lamprell said it still expected to post revenue within its broad guidance range of $225m-to-$300m, after signing up new work in the earlier part of the year.

Good levels of 'walk-in work' resulted in 95% coverage for the bottom end of the guidance range, the company said.

However, it also warned that results for 2018 would be significantly weighted to the first half, due to the scheduling of current projects and timing of new awards.

'Although the market environment remains highly competitive, tendering activity has increased significantly during the period,' Lamprell said.

The company said it was bidding a number of major opportunities in both the oil and renewables markets, and in active discussion with potential clients.

'Our investment in new people with extensive experience and skills has supported our ability to access new potential customers in those markets,' the company said.

'While this is indicative of an improved outlook for the energy industry, we continue to not expect revenue growth until 2019.'





At 2:56pm: [LON:LAM] Lamprell PLC share price was -1.5p at 84.2p



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