Know what you want? Try our 'Supplier Directory' 

Carillion's good news story is out

Building and services firm Carillion had some good news from the construction sector and upped its forecasts for the year.
A lower tax bill and £10m extra in cost savings from its acquisition of rival Alfred McAlpine (in February 2008) is boosting earnings per share by 15% for the 12 months to December 31, 2008.

Chief executive John McDonough announced the additional £10m pounds of integration and reorganisation cost savings, pushed the expected total amount to £50m for the period to the end of 2009.

Carillion's pre-close trading update stated: 'New order intake has remained strong and we continue to have our largest ever pipeline of opportunities for new contracts'.

It added:'Carillion is a well-balanced and resilient business, with strong positions in its chosen market sectors in the UK, the Middle East and Canada. Therefore, with a robust balance sheet, a strong order book and continuing opportunities in our main market sectors, Carillion continues to expect to build on its strong performance in 2008 and deliver materially enhanced earnings in 2009'.

Support services continues to be a major driver of the Wolverhampton firm's earnings growth and accounts for more than half the group's underlying operating profit. Specifically, investment in government partnership schemes for defence, health, education and transport infrastructure was responsible for most of the company's profits.
11 December 2008


Already Registered?
Not Yet Registered?

Global study supports healthy buildings as a critical public health strategy

New research conducted on a global scale has found that healthy buildings with enhanced ventilation can improve the cognitive function and health of occupants, suggesting that ventilation and filtration are the preeminent healthy building strategies....


Gilberts prevents noise becoming a saga for landmark building

The former home of reggae label Saga Records is now delivering a quieter environment for Londoners to work and play in, with the installation of an innovative acoustic solution from Gilberts Blackpool to its rooftop....


If you need to open a Solenoid Valve manually, you need a SVOM!

If you need to open a Solenoid Valve manually, you need a SVOM!
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR


BESA National Conference – Virtual event