Request a Call
We encourage you to read our privacy and cookies policy.
11th March 2013
Source: Construction News
ISG chief executive David Lawther has said he expects its construction division to continue working at a 0.2 per cent margin for at least another year.Mr Lawther told CN restructuring costs will be “north of £1 million” in 2012/13 as the firm “continues to manage its cost base in line with the market”. But he said there are signs of major projects coming back in the fit-out sector, where orders have rocketed by 83 per cent.
Company Profile: ISG Plc
Amec turned in an 11 per cent increase in earnings in 2012, the company's annual results have shown.Earnings before interest, tax and amortisation reached £331m, up 11% on the 2011 level. Revenue was £4.1m, up 28 per cent over the year and the company’s margin was 8%, down on the previous year’s 9.2 per cent. Amec’s order book was little changed on its size a year ago, falling by £0.1bn to £3.6bn. Chief executive Samir Brikho said: ”Amec continued to make good progress in 2012, with earnings per share up by 14% and strong operating cash flow.
Company Profile: Amec Plc
Source: Construction News
Carillion chief executive Richard Howson has said he anticipates construction operating margins of up to 4 per cent in the short-term, while defending the firm's approach to how it pays its supply chain. Mr Howson said the firm is pleased with its 2012 results, after posting a 13 per cent drop in revenue from £5.1 billion to £4.4bn as the company shrank its UK construction business and saw revenue fall in the Middle East, where it is targeting a £1bn turnover. Underlying pre-tax profit for the group was down 4 per cent to £232.4 million.
Company Profile: Carillion Plc
Source: Construction Enquirer
Strong profits from highways and rail work helped to lift Costain pre-tax profits 16% to nearly £30m. But as Costain concentrated on lifting group margin to 4%, revenue fell back around 5% to £934m. Andrew Wyllie, chief executive, said the infrastructure division had a very successful year generating strong operating returns and additional gains on successfully completed and final accounted projects. He said the rail, highways and airport division continues to see high tendering activity.
Company Profile: Costain Group Plc
Request a free demo of Glenigan today so we can show the size of the opportunity for your business.
Get the latest industry news and insights.
You can unsubscribe at any time. We encourage you to read our privacy and cookies policy.