Kentz performs 'ahead of expectations'

Engineering and instrumentation group Kentz said today that it expects to perform “ahead of expectations” for 2012.

The company, which is listed in London but based in Ireland, said in its market update that it had experienced "good growth" in the first four months of the year and anticipates that the full year performance will be "marginally ahead of expectations".

Pointing to recent contract awards including the integrated commissioning services contract on the Queensland Curtis (QCLNG) project in Queensland, Australia, the company said that its overall pipeline of prospects stands at $10.8 billion (€ bn) at the end of April 2012.

The company added that each of its business units are performing well and it continues to see “significant opportunities across our service offerings and the sectors and geographies in which Kentz operates”.