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Sun June 20 2021

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Expectations unchanged at Carillion

2 May 13 Carillion’s annual general meeting heard that expectations for 2013 are unchanged and that the company has more than £1.6m in new orders and probable orders in the year to date.

Rogerson: expectations unchanged
Rogerson: expectations unchanged

Chairman Philip Rogerson said: “The group's expectations for 2013 that were announced with our 2012 results remain unchanged, despite market conditions remaining challenging. The group's healthy work-winning performance in 2012 has continued in 2013 with new orders and probable orders in the year to date of over £1.6 billion. In addition, Carillion has been selected by National Grid as one of six framework contractors to deliver its £1.5 billion sub-station construction programme over the next five years.”

Carillion later announced the win of the Liverpool hospital PPP and the company now has £2bn in new and probable orders for the year.

He added that this follows Carillion's appointment as one of four framework contractors that will support the National Grid's £3.2bn programme to renew and refurbish high voltage overhead line cables over the next eight years.

“As expected, revenue in the first half of 2013 is likely to be lower than in the corresponding period in 2012, primarily because the rescaling of our UK construction activities resulted in the Group having a lower revenue run-rate,” he said.

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