Trading Update and Notice of Results

RNS Number : 3624S

Billington Holdings PLC

09 March 2023

 

9 March 2023

Billington Holdings Plc

("Billington", the "Group" or the "Company")

Trading Update

Notice of Results

Investor Presentation

Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is pleased to provide a trading update ahead of the release of the Company's results for the year ended 31 December 2022 on 18 April 2023.

Trading Update

As outlined in the Company's trading update for the year to 31 December 2022, announced on 14 December 2022, the Group has a strong order book at improved margin levels, and a significant pipeline of opportunities.  Following the close of the year end the Company now expects to report profit before tax ahead of market expectations for the year ended 31 December 2022.

The Company is pleased to report that trading has continued to be strong, with further good quality orders secured in the current year and a healthy pipeline of opportunities.  Consequently, the Group now expects profit before tax for the year ending 31 December 2023 to be ahead of market expectations.

As a result of strong cash management during 2022, combined with confidence in future earnings and related cash generation, the Board expects to declare a final dividend for the year ended 31 December 2022 ahead of market expectations.  

Mark Smith, CEO of Billington, commented:

"The recovery in activity we experienced in 2022 has continued into 2023.  The benefit of efficiency enhancements implemented throughout the Group, combined with a strong orderbook and a healthy pipeline of further opportunities, provides increased confidence in delivering an improved Group financial performance.  I am therefore pleased to report that I now expect the Group to achieve profits for 2023 ahead of current market expectations.  I look forward to commenting further on current trading at the time of the release of our 2022 results on 18 April 2023."

Notice of Results

Billington will announce final results for the year ended 31 December 2022 on 18 April 2023.

Investor Presentation

Billington's CEO, Mark Smith, and CFO, Trevor Taylor, will provide a live presentation relating to the annual results via the Investor Meet Company platform on 18 April 2023 at 15.00 BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted via your Investor Meet Company dashboard at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Billington via:

https://www.investormeetcompany.com/billington-holdings-plc/register-investor

Investors who already follow Billington on the Investor Meet Company platform will automatically be invited.

For further information please contact:

Billington Holdings Plc Mark Smith, Chief Executive Officer Trevor Taylor, Chief Financial Officer	Tel: [phone]
finnCap Ltd - Nomad and Broker Ed Frisby / Charlie Beeson - Corporate Finance Andrew Burdis / Barney Hayward - ECM	Tel: [phone]
IFC Advisory Limited Tim Metcalfe Graham Herring Zach Cohen	Tel: [phone] [e-mail]

About Billington Holdings Plc

Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is a UK based Group of companies focused on structural steel and engineering activities throughout the UK and European markets. Group companies pride themselves on the provision of high technical and professional standards of service to niche markets with emphasis on building strong, trusted and long-standing partnerships with all of our clients. https://billington-holdings.plc.uk/

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

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