// Our News // Media Releases
(2 September 2010) Coffey International Limited ((ASX:COF) (“Coffey”, “the Company”)) today announced that, following the first anniversary review of its global matrix structure, it has decided to divide the leadership of the Group Operations function into two roles.
The revised structure separates the leadership of the Regional Operations and the leadership of the Specialist Service Lines replacing the role of Group Executive Operations with two new Group Executive roles. This change will enable increased focus across both the Specialist Service Lines and the Regional Operations, driving the key accountabilities for the different roles.
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23 August 2010) Global professional services consultancy Coffey International Limited (“Coffey”) has received a Commendation in the NSW Regions & ACT category at the Urban Development Institute of Australia NSW (“UDIA NSW”) Austral Bricks Awards for Excellence 2010, for the Emirates’ Wolgan Valley Resort and Spa project, announced at a gala event in Sydney last Friday evening.
Overview
(18 August 2010)
- Strong start to first half, continuing the recovery from the GFC seen in the fourth quarter of FY09
- Implemented second phase of management restructure in October 2009 to establish a matrix to manage the global business
- Disappointing second half, caused by continuing impacts of GFC in different parts of the world, compounded by the impact of the management restructure
- Divested MPL Laboratories as a non-core asset
- Acquired Global Justice Solutions and Libra Advisory to build global security and justice business
- Actions implemented during second half to improve performance:
- Increased business development activities
- Overhead cost reductions from procurement review
- Implemented business right-sizing plan with staff reductions
- one-off costs of $3.9 million
- cost savings of between $12 million and $15 million per annum in FY11
- Improved monthly fee revenue evident from March 2010 reflecting return on increased business development activity
- Fully franked final dividend of 3.5 cents per share
- Bank facilities and financial undertakings reviewed in June 2010
- Cautious outlook for FY11 despite improving monthly fee revenues over past 4 months
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6 August 2010) Today, there was time for play in the Black Saturday bushfire affected community of Strath Creek, Victoria. A playground was officially opened during a ceremony at Strath Creek Pioneer Reserve attended by local families, councillors, voluntary members of GlobalQuest and other Coffey International Limited (“Coffey”) staff.
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26 July 2010) Global professional services consultancy Coffey International Limited (“Coffey”) is pleased to announce that four of its world-leading experts and senior principals are speaking and chairing key sessions at the Urban Geotechnical Practices Conference held in Sydney, 26–29 July, 2010.
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6 July 2010) Global professional services consultancy Coffey International Limited is pleased to congratulate Barclays and The Guardian News and Media on winning the Coffey International Award for the Katine Partnership. The award was presented by HRH The Prince of Wales at the Business in the Community’s (BITC) Prince’s 25th Anniversary Gala Dinner in London on Monday night.
