CARILLION PLC At its Annual General Meeting today, Carillion will make the following comments on the Group's 2015 performance.
6 May 2015
"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.
About Carillion
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 businesses in the UK, Canada and the Middle East.
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 our 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.
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