Morrison Utility Services has grown its order book 11% to £1.5bn during the year ending 31 March 2010.
Forward orders could be worth £2.9bn if existing contracts are extended. For the previous year, the contractor reported an order book of £1.35bn.
Turnover is broadly the same as reported in 2009 at around £500m.
Morrison Utility Services, which installs, replaces, repairs and maintains utility infrastructure, was sold by Anglian Water Group to private investors in March 2008. Its former sister company Morrison Facilities Services remains part of AWG, while Morrison Construction is owned by Galliford Try.
Key contract wins during the year included a new connections alliance with Central Networks (Eon), a new client for the company, which is expected to be worth over £20m per annum for 10 years, with a potential extension of five years. The contract commenced on 1 April 2010.
Other highlights included securing new frameworks with Thames Water for mains replacement, with Yorkshire Water for water network rehabilitation and with Southern Gas Networks for gas meter replacement.
Charles Morrison, chief executive of Morrison Utility Services, said: “In a very competitive and demanding environment, we are delighted to have succeeded in securing significant new contracts, retaining valued existing clients and establishing a niche in growth sectors, notably high-voltage connections to renewable energy sources.
“Despite the difficult economic climate which currently exists in the UK construction and services sectors, we have a growing order book and are cautiously optimistic about our future prospects. We continue to focus on investing in our people, systems and plant and maintaining the high standards of service delivery which underpin our uncompromising commitment to delivering added value for our clients.”
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