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

Comments

Already Registered?
Login
Not Yet Registered?
Register

Renowned Welsh Science Park Selects Custom Rinnai R290 Heat Pumps for Heating and Hot Water decarbonisation

Wales’s first dedicated science park has taken a decisive step toward energy resilience and carbon reduction by installing a custom-designed Rinnai heating and hot water system. The solution features multiple R290 high-temperature air source heat pumps, buffer vessels, and Modbus BMS integration – delivered as a complete, optimized package by Rinnai’s in-house design team.

  29-Jul-2025

Vent-Axia launches Lo-Carbon Sentinel Econiq-Cool (KERS) to tackle overheating in new build homes

Vent-Axia has launched the Lo-Carbon Sentinel Econiq-Cool (KERS) in partnership with KERS, introducing a pioneering 2-in-1 solution that provides renewable hot water and free cooling....

  24-Jul-2025

STOKVIS R600

CONDENSING ULTRA LOW NOx PREMIX COMMERCIAL BOILER
  10-Jan-2019
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary

HVR Awards
BESA Industry Awards