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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Carillion plc    CLLN   GB0007365546

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Carillion plc : MP Stephen Gilbert champions home energy saving scheme

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11/26/2012 | 02:35pm CEST
MP Stephen Gilbert champions home energy saving scheme
St Austell and Newquay MP Stephen Gilbert has seen first hand how home energy improvements are helping to make life more comfortable and affordable for his constituents.

MP Stephen Gilbert with Carillion's Nicky Jones inspecting a new heating system installed under Warm Front

26th November 2012
An adequately heated home is especially important in winter when the cold can cause health problems for the elderly or the very young.

The Warm Front Scheme, delivered by green support services provider Carillion Energy Services (CES), provides Government grants for heating and insulation to help keen energy bills low and lift vulnerable households out of fuel poverty.


Mr Gilbert learnt more about Warm Front's benefits when he visited his constituent, Mr Lowerth, who has had a new more efficient heating system installed through the Scheme.

He also heard how CES has assisted around 4,850 households in his constituency since 2005 through a mix of energy efficiency programmes.

He said: "Rising energy prices are a major worry for many people in my constituency and around the country.

While these aren't going away, the most sustainable way to cope is by making our homes more energy efficient
.

"Rising energy prices are a major worry for many people in my constituency and around the country... the most sustainable way to cope is by making our homes more energy efficient"


- Stephen Gilbert, St Austell and Newquay MP


Mr Lowerth's new heating system has made an enormous difference to his level of comfort - and crucially has given him the added peace of mind that he can afford to keep his house warm all year round
.

"The Government has now introduced the Green Deal to help make energy improvements more accessible and easy to finance for all households and for businesses. With no up-from costs this is set to transform the take-up of green energy and a give vital boost to the industry and to jobs."

Nicky Jones, from CES, added: "We were delighted to show Mr Gilbert the benefits of energy improvements, and also to talk about the increasingly important role other technologies such as renewables can play. As an accredited Green Deal Provider we now look forward to playing a leading role in this initiative."


About Carillion


Carillion is one of the UK's leading support services companies with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities.  The Group has annual revenue of around £5 billion, employs around 45,000 people and operates across the UK, the Middle East and Canada.


The Group has four business segments:


For more information:

Rik Kendall, Media Relations Manager, Carillion +44 (0)191 245 8342

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Financials ( GBP)
Sales 2017 5 131 M
EBIT 2017 234 M
Net income 2017 131 M
Debt 2017 179 M
Yield 2017 8,68%
P/E ratio 2017 7,33
P/E ratio 2018 7,01
EV / Sales 2017 0,21x
EV / Sales 2018 0,21x
Capitalization 920 M
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Mean consensus HOLD
Number of Analysts 11
Average target price 2,35  GBP
Spread / Average Target 10,0%
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Richard Howson Group Chief Executive Officer & Executive Director
Philip Nevill Green Non-Executive Chairman
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Alison Horner Independent Non-Executive Director
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