Pre-tax profits fell by 2% to £29.2million in the first six months ended 30 June 2009 from £29.9million in the corresponding period of 2008.
Total revenue rose by 3% in the same period to £481.5million, while adjusted operating profit was unchanged at £52.0million. Revenue in the Nordic region went up 3% to £164.5m and in continental Europe by 12% to £123m but fell by 2% in the UK and Ireland to £194m.
Davis is maintaining its interim dividend per share of 6.5p.
Christopher Kemball, chairman of Davis Service Group, said: “We expect the trends experienced in the first half to continue for the rest of 2009. We remain focused on customer service, while achieving cost savings and improved efficiency to meet the demands of the current testing environment. We are well on track to deliver on our expectations for the year while generating good cash flow and retaining our strong balance sheet. In the medium term, the group remains well positioned to benefit from renewed growth in our markets.”
