The group has secured 55% of target revenues for 2013 already.
However, profitability remains an issue. “We maintain strict criteria when assessing projects that we choose to bid for but characteristics such as a high numbers of bidders and unrealistic pricing levels continue to blight the construction industry, resulting in margin pressures and a lack of confidence in progressing new schemes particularly across our core M&E contracting businesses,” the company said in an interim management statement.
The company’s Utilities and Technologies Division has been renamed TClarke Mission Critical, and has secured contracts for four data centres this year. “We believe that there are a number of significant opportunities in this sector,” the company said.