Register
 (photo: Carillion )
04.05.2016, 11:38

Trading in Line with Expectations

Author: Carillion PLC

At its Annual General Meeting (AGM) today Carillion will report that the Group's 2016 performance remains on course following expected improvements in revenue and margin within its support services business.

CARILLION PLC

AGM STATEMENT

TRADING IN LINE WITH EXPECTATIONS 

At its Annual General Meeting today, Carillion will make the following comments on the Group's 2016 performance.

"Overall trading in the year to date has remained in line with our expectations.  In particular, we continue to expect our performance in 2016 to be led by improved revenue and margin in our support services business, following the successful mobilisation of a number of new contracts in 2015 after our exceptionally strong work winning performance in 2014. 

"New orders secured in 2016 have increased revenue visibility(1) for the current year to 94 per cent, up from 84 per cent at 31 December 2015.

"Therefore, with our strong, high-quality order book and substantial pipeline of contract opportunities, we continue to expect the Group to make further progress in 2016.  We also continue to expect profit in 2016 to revert to a greater second-half weighting, with our targets for revenue, margins and cash flow unchanged and in line with the guidance we gave when we announced our full-year results for 2015".   

     (1) Based on expected revenue and secure and probable orders, which exclude variable work, frameworks and re-bids.

 

For further information contact

Richard Adam, Group Finance Director                                      tel: +44 (0) 1902 422431

John Denning, Group Corporate Affairs Director                         tel: +44 (0) 1902 906333

Finsbury

James Murgatroyd or Gordon Simpson                                      tel:  +44(0) 20 7251 3801

 

Article rating:

vote data

Photograph: Matthew Maaskant. (photo: Matthew Maaskant)
Reportbuyer Reportbuyer  - 03.01.2016

UK Facilities Management Outsourcing Market

AMA Research have published the 4th edition of the 'Facilities Management Outsourcing - Corporate Sector Report – UK 2015-2019 Analysis'.

 (photo: PPG Aerospace)
OCS Group  - 20.12.2016

PPG Aerospace Contract Win

OCS has been awarded a three-year contract by PPG Aerospace. The contract, which started in October, sees OCS providing security, cleaning and catering at PPG Aerospace’s Shildon site in County...