Management has previously discussed significant contracts in the pipeline and today’s win is a demonstration of the breadth of the Group offering when sold as an integrated service. This is a large (£25m+) contract over c.2 years which could also be the precursor for more activity in this area. We await next week’s results and the outlook for Offshore Oil before amending our forecasts but would note the potential for more contract wins to offset the impact of the oil price.
25 Feb 2016
Significant integrated service contract win
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Significant integrated service contract win
James Fisher and Sons plc (FSJ:LON) | 260 0 0.0% | Mkt Cap: 131.3m
- Published:
25 Feb 2016 -
Author:
Jon Lienard -
Pages:
3
Management has previously discussed significant contracts in the pipeline and today’s win is a demonstration of the breadth of the Group offering when sold as an integrated service. This is a large (£25m+) contract over c.2 years which could also be the precursor for more activity in this area. We await next week’s results and the outlook for Offshore Oil before amending our forecasts but would note the potential for more contract wins to offset the impact of the oil price.