6th May 2016 06:55
LONDON (Alliance News) - Building services company T Clarke PLC on Friday said trading in the year to date has been in line with its expectations, and said its forward order book remains strong due to its targeted tender process across its regional businesses.
T Clarke said revenue in the period from January 1 to April was GBP78.0 million, up from GBP72.0 million for the same period a year earlier, and noted the trading environment continues to improve.
T Clarke said the targeted tender process it has implemented across its business has meant that the value of its replenished forward order book remains strong and has increased 10% to GBP330.0 million from GBP300.0 million at the same point a year earlier.
T Clarke said it anticipates meeting its expectations for the full year, and said the majority of its businesses have secured revenue in excess of 85% of their targets. The company added that 45% of forecast revenue has been secured for 2017 and a further GBP38.0 million has been secured for 2018 and beyond.
T Clarke said it has seen margin improvement across the group and will continue to target opportunities which will further improve the margin profile of the business.
The company will release its interim results on August 2.
By Hannah Boland; [email protected]; @Hannaheboland
Copyright 2016 Alliance News Limited. All Rights Reserved.
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