First half slide for Carillion

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03 July 2014

Carillion has revealed its first half revenue to be slightly lower that the first half of 2013 in its half-year trading update.

Similarly, the UK contractor announced first-half orders and probable orders totalling 拢2.7 billion (鈧�3.4 billion), down slightly on 2013鈥檚 first-half orders of 拢2.9 billion (鈧�3.6 billion).

First half new orders and probable orders in construction services totalled 拢500 million (鈧�625 million). These included the appointment of a Carillion joint venture as the preferred bidder for the Aberdeen Western Peripheral Route Public Private Partnership project, which is expected to generate construction revenue of 拢175 million (鈧�220 million), and being selected as the preferred bidder to deliver Liverpool Football Club's Main Stand Expansion project, which has an estimated construction value of 拢75 million (鈧�95 million).

According to Carillion, the work value of its total order book plus probable orders is 拢18.5 billion (鈧�23.2 billion), up 拢500 million (鈧�625 million) since December 31, 2013, while its pipeline of contract opportunities is 拢38 billion (鈧�48 billion).

Overall, the outlook for the group remains on track with Carillion鈥檚 expectations for the full year and medium-term targets for growth remaining unchanged.

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