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Carillion boosts order book by £2.9bn in ‘robust’ first half year

Money_dollars_coins_istock_FMJ_jan12International construction and support services company, Carillion has produced a robust first-half performance despite challenging market conditions.

New order intake was strong, with £2.9 billion of new orders and probable orders in the first half of the year (2012: £2.2 billion), which enabled the group to increase the total value of its order book plus probable orders to £18.4 billion (31 December 2012: £18.1 billion). This, together with a strong pipeline of contract opportunities, continues to support the group’s 2013 and medium term targets.

The Group has four business segments:

Support services – this includes facilities management, facilities services, energy services, rail services, road maintenance, utility services and consultancy businesses. Recent contract wins in this sector include £400 million of support services in the oil sector and a £275 million extension to a major telecoms support services contract.

Public Private Partnership (PPP) projects – this includes investing activities in PPP projects in the firm’s chosen sectors of defence, health, education, transport, secure, energy services and other Government accommodation. A major earner in this sector was Carillion’s £335 million Royal Liverpool Hospital PPP contract.

Middle East construction services – this includes the firm’s building and civil engineering activities in the Middle East

Construction services (excluding the Middle East) – this includes Carillion’s building, civil engineering and developments activities in the UK and our construction activities in Canada – one weell-publisied contract being the firm’s £400 million contract win for the first phase development at Battersea Power Station.

Carillion Chairman, Philip Rogerson, commented:

“Carillion delivered a robust first-half performance, in line with the Board’s expectations, despite market conditions remaining challenging.”

The Group had annual revenue in 2012 of some £4.4 billion, employs around 40,000 people and operates across the UK, the Middle East and Canada.

About Caroline Hill