Unaudited Interim results for the half year to 30 September 2006

Jarvis plc is pleased to announce interim results for the six months ended 30
September 2006. A summary of key points follows:

Financial

• Group turnover from continuing operations £153m (2005: £177.7m) and
  operating profit* of £2.9m (2005: £7.8m).


• Loss before taxation on continuing operations significantly reduced to
  £1.5m (2005: loss £59.3m)


• Core business turnover £102m (2005: £121.2m) with an operating profit*
  of £2.5m (2005: £7.8m).


• Net Debt has risen in line with expectations at the time of the AGM-
  £45.8m (2005: £6.2m)

Strategy and Operational

• The strategy very much on track with the first steps of the strategic
  repositioning delivered.


• Roads
  
  • Disposal of loss making Roads businesses for £9.5m
    
  • Retained businesses transferred to Plant and Accommodation Services
    divisions
  
  
• Accommodation Services
  
  • Heads of terms signed to dispose of key unprofitable contracts
    
  • Performance of remaining FM business continues to improve
  
  
• Plant and Rail
  
  • Remain the most profitable businesses in the Group
    
  • Whilst first half has been impacted by the slow pace of awards of rail
    contracts there are strong indications that the level of work available to
    the industry is now picking up
    
  • Diversifying in a controlled manner - growth of Fastline Freight and
    plant contracts in Europe

Outlook

• Healthy forward bid pipeline of opportunities across the business


• Plans for overhead reduction continue with £10m annualised cost savings
  expected by September 2007

* before non recurring costs

Executive Chairman of Jarvis, Steven Norris, said:

'We still have challenges to overcome, but continued focus on operational
improvement and strategic repositioning now sees us in a position few would have
given us credit for only two years ago... I believe there will be more and
better to come in the years ahead.'

For further information, please contact:

Jarvis plc

Toni Jackson on: 07921 939 031

Buchanan

Isabel Podda on: 020 7466 5000

View the RNS.

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