Premier Technical Services Group posts strong Q1 update

The price of shares in AIM-listed Premier Technical Services Group (LON:PTSG) has climbed by 9.93% to 75.85p (as of 14:55 BST) as it announced that trading through the first quarter of the year was ahead of expectations. Recent acquisitions have been performing well and sales have been strong with a number of 3 to 5 year contracts signed with clients including BMW and the London Underground.

Chairman Jon Foley 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“.