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ANALYST VIEWS: WHAT DO YOU THINK OF CARILLION’S RESULTS?

CHRIS MILLINGTON | NUMIS
“Good full-year figures and a confident statement [backed by a meaningful dividend increase] provide further confirmation of the group's strong positioning and strategy in its markets. The shares have recently been weak in line with UK construction stocks.”

ANDY BROWN | PANMURE
“We believe that Carillion will be a beneficiary of the ongoing trend to outsource. It has a strong order book and plenty of scope to grow its share of the £50bn target market in services. The 12 per cent increase in the dividend reflects confidence in its future performance. We stay positive.”

CAROLINE DE LA SOUJEOLE | SEYMOUR PIERCE
“Carillion has delivered on its stated objective of delivering enhanced earnings in 2009. The order book now stands at a sizeable £17.7bn compared with £20.4bn in full-year 2008. The decline is explained by PFI equity sales and non-core business disposals.”