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WYG's turnaround continues

WYG has continued to turn around its fortunes, with strong cash generation and a bulging order book.
December 3, 2014

WYG (WYG) focused on winning contracts during the first half, and was rewarded with 10 per cent growth in the order book to £95.5m. The company was sufficiently confident six months ago to restart the final dividend; now it has announced its first interim dividend for six years.

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Revenue for the UK business, which does engineering and consulting work in a wide range of sectors, increased by 13 per cent to £40m year on year. This was mainly thanks to a number of new contract wins with some of its largest existing clients, including Sainsbury's. The company also acquired Alliance Planning in September, making WYG one of the UK's biggest planning consultants. The UK order book totalled £50m at the half-year-end - up 28 per cent year on year.

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