Preliminary results for the period ended 31 March 2008

• Group revenue* £321.9m (2007: £288.5m).


• Operating profit* £9.2m (2007: £4.9m).


• Profit for the period £11.1m (2007: loss £21.7m).


• Net debt £38.8m (2007: £23.6m).


• Earnings per share 5.4p (2007: loss of 13.5p).


• Working Capital facilities extended at reduced cost subsequent to the period end.

* Continuing operations, before exceptional items

Strategic delivery:

Made substantial progress, ensuring that the period was a significant milestone for the new Jarvis.

• Increased Rail revenue by 45%.


• Reduced central overheads by 38%.


• Secured five-year coal haulage contract in Freight, substantially increasing revenues going forward.


• Secured position as one of Network Rail's four track renewals contractors.


• Exited six facilities management contracts plus our share in the Herefordshire Jarvis Services business.

Outlook:

• Strong progress continues in turnaround of Group.


• The Government is embarking on a course of substantial improvement to the UK rail network.


• Significant opportunities in the UK rail market.

Steven Norris, Executive Chairman Jarvis plc, said: "The implementation of our strategy remains on track. The period just ended was a significant milestone for the new Jarvis and we have achieved the best result for five years. This result, our performance to date and the increasing opportunities within the rail market allow us to look forward to the year to come with confidence."

For further information please contact:

Toni Jackson
Group Communications Manager - Jarvis
T: 01904 712 667
M: 07921 939031

Tim Anderson / Isabel Podda / James Strong
Director - Buchanan Communications
T: 020 7466 5000

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