Clarke(T.) PLC AGM Statement (2409E)
May 05 2017 - 2:00AM
UK Regulatory
TIDMCTO
RNS Number : 2409E
Clarke(T.) PLC
05 May 2017
TClarke
AGM AND TRADING UPDATE
Ahead of the Annual General Meeting, being held today at 10.00am
at 200 Aldersgate, St Paul's, London EC1A 4HD, TClarke plc
("TClarke" or the "Group") the Building Services Group, issues a
Trading Update covering the period from 1(st) January 2017 to
date.
We are pleased to announce that recently secured projects
include:
-- Dyson, New Research and Development Campus Development at Hullavington Airfield, Wiltshire
-- A two-year extension to the Term Contract at Westinghouse
Springfields (Nuclear Fuels), Preston
-- 20 St. James Street, London Office Refurbishment Scheme
-- Thomson Reuters HV Infrastructure Upgrade
-- The Reach Free School, Rickmansworth
-- Gloucester Royal Hospital - MRI Installation
-- Royal Cornwall Hospitals Trust - three year Term Contract for
the provision and maintenance of Security Systems, CCTV and Access
Control
-- Avant Homes, Blantyre, Glasgow - Residential Plumbing and Heating Scheme
-- Shackleton Building, Nurse Teaching Facility at University of Sunderland
-- Robertson Homes, Bearsden, Glasgow, Residential Plumbing and Heating Scheme
Our confidence for the medium term is underpinned by this
ability to secure significant projects in the markets where we
operate. As a result of new project wins our replenished order book
has for the first time surpassed GBP400 million and as at the
30(th) April stood at GBP402 million an increase of 22% since the
beginning of the year.
As a result of the strengthening order book and based upon
current project programmes we expect revenues and profits for 2017
to be ahead of current market expectations, which are revenues of
GBP300 million, underlying profit before tax of GBP6.1 million and
underlying EPS of 11.3p.
Our direct workforce is valued by our clients and we believe
this contributes to our success. We will continue to target
opportunities to match planned capacity and resources with a focus
on projects which further improve the margin profile of the
business.
The next update is scheduled for 8(th) August 2017 with the
release of the Group's interim results.
ENDS
Date: 5(th) May 2017
For further information contact:
TClarke plc
Mark Lawrence Martin Walton David Lanchester
Chief Executive Officer Finance Director Company Secretary
Tel: 020 7997 7400
www.tclarke.co.uk
N+1 Singer (Financial RMS Partners
Adviser and Broker)
Sandy Fraser Simon Courtenay
Rachel Newton Tel: 020 3735
6551
Tel: 020 7496 3000
www.nplus1singer.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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