Hat trick of contract wins boosts first half revenues at Carillion

Kasmira Jefford
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Carillion said its strong order book helped support it during the General Election pause
SUPPORT services giant Carillion said the “exceptional volume” of new contracts won last year helped boost revenues in the first half.

The company, which maintains railways and roads and military bases, said revenue rose 21 per cent to £2.3bn in the six months to 30 June from £1.9bn a year earlier.

New first-half orders plus probable orders of £1bn were less than half the £3bn achieved the same time last year, but Carillion said this reflected the usual pause in public sector contract awards after the General Election.

It expects to win a number of new contracts in the second half and meet market expectations for full-year pre-tax profits of £175m.

Carillion’s pipeline increased to £40.5bn from £39.2bn in December.

“With a strong order book, a growing pipeline... and the prospect of market conditions continuing to improve, our expectations for 2015 and the medium term remain unchanged,” Carillion said.