AGM Statement

Released : 6 May 2015 11:51

RNS Number : 3532M
Carillion PLC
06 May 2015
 

6 MAY 2015                                                              

           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 2015 performance.

 

"Trading in the year to date is in line with our expectations and the steady improvement in our markets that began in 2014 has continued in 2015. 

 

"Following our strong work winning performance in 2014, we continue to make good progress with contract mobilisations.  New orders in 2015 have increased revenue visibility(1) for the current year to over 90 per cent.  Therefore, with a high-quality order book and pipeline of contract opportunities, combined with our strong balance sheet, the Group expects to deliver revenue growth in 2015, with margins and cash flow in line with the guidance we gave when we announced our full-year results for 2014". 

 

    (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 316426

Finsbury

James Murgatroyd

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

 

  Notes to Editors

Carillion is a leading integrated support services company with a substantial portfolio of Public Private Partnership

projects and extensive construction capabilities.  The Group had annual revenue in 2014 of some £4.1 billion, employs

around 42,000 people and operates across the UK, in the Middle East and Canada. 

 

 The Group has four business segments:

 

 Support services - this includes facilities management, facilities services, energy services, utility services, road

 maintenance, rail services and consultancy services.

 

 Public Private Partnership (PPP) projects - this includes investing activities in PPP projects for Government buildings  

 and infrastructure, mainly in the Defence, Health, Education, Transport and Secure accommodation sectors.

 

 Middle East construction services - this includes building and civil engineering activities in the Middle East.

 

 Construction services (excluding the Middle East) - this includes building, civil engineering and developments activities in 

 the UK and construction activities in Canada.

 

 This and other Carillion news releases can be found at www.carillionplc.com

                                                                        

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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