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Tue November 24 2020

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ISG order book grows a fifth

6 Dec 13 Construction group ISG has seen its order book grow by 20% in the past year from £761m last year to £915m, as of the start of last month.

Of this, £686m (October 2012: £587m) is for delivery by the end of June. 

In a trading update this morning, the board said that its UK Construction business was “seeing signs of a general improvement in the pipeline of opportunities”, while its Retail and Fit Out business were busy. The Fit Out and Engineering Services business is currently working on five £20m+ office fit-out schemes in London with a combined value of over £170m.

Business from mainland Europe continues to be subdued but conditions in the Middle East and Asia are improving.

“Our overseas businesses are making a key contribution to the group's performance with our recent acquisitions in Brazil and Germany further strengthening our network,” the company said.

It concluded: “As the UK and world economies emerge from the downturn and confidence returns, our strategy of greater sector focus and targeting of key large and emerging cities means that we are well placed to capitalise on the growing number of high quality opportunities coming to market.  We remain confident of meeting the board's expectations for the full year.”

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MPU

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