6th Jan 2006 15:33
Carillion PLC06 January 2006 6 January 2006 Trading update. Carillion plc Support services and construction company, Carillion plc, announced earliertoday that it has posted to shareholders the documentation in relation to theacquisition of Mowlem plc. This documentation includes an InformationMemorandum, in connection with the New Carillion Shares being offered pursuantto the Acquisition, in which the company has provided an update on trading in2005, as follows: In the second half of 2005, Carillion continued to benefit from the goodpositions it has established in its key markets, where trading conditions haveremained positive. Consequently, Carillion's financial performance in 2005 isexpected to be in line with the Carillion Directors' expectations, with profitagain backed by strong cash flow from operations. Order intake has also remained strong and the value of Carillion's order bookand framework contracts at 31 December 2005 is expected to be in the region of£7 billion (31 December 2004: £5.0 billion). Notable contract wins in the secondhalf of 2005 included a £1.1 billion PPP contract for the Queen AlexandraHospital, Portsmouth, a £230 million contract for News International to designand construct new print facilities and a £118 million construction contract forBritish Nuclear Group, together with four contracts in joint venture - twosupport services contracts for the Ministry of Defence with a total value of£1.2 billion, a £350 million support services contract extension for BT and a£110 million rail electrification contract for Network Rail. Accordingly, the Carillion Directors believe that Carillion is well positionedto make further progress in 2006. For further information contactJohn Denning, Director Group Corporate Affairs 01902 316384 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Carillion Plc