Ivan McKeever, chief executive of retail fit-out specialist Styles & Wood, has said the group will break even in 2008 as a result of margin shortfalls on projects completed last year.
In a statement to the stock exchange, the company said: 鈥淲ith the exception of these historic projects, the group is trading in line with expectations.鈥�
McKeever refused to reveal what the jobs were, but said: 鈥淭his was one of a series of issues I have had to tackle since taking over in June.
鈥淭hings are fundamentally good and this is just another step in preparing the business for 2009.鈥�
According to consensus forecasts the group will turn over 拢230m in the year to 31 December 2008.
