Carillion PLC
06 January 2006
6 January 2006
Trading update.
Carillion plc
Support services and construction company, Carillion plc, announced earlier
today that it has posted to shareholders the documentation in relation to the
acquisition of Mowlem plc. This documentation includes an Information
Memorandum, in connection with the New Carillion Shares being offered pursuant
to the Acquisition, in which the company has provided an update on trading in
2005, as follows:
In the second half of 2005, Carillion continued to benefit from the good
positions it has established in its key markets, where trading conditions have
remained positive. Consequently, Carillion's financial performance in 2005 is
expected to be in line with the Carillion Directors' expectations, with profit
again backed by strong cash flow from operations.
Order intake has also remained strong and the value of Carillion's order book
and 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 second
half of 2005 included a £1.1 billion PPP contract for the Queen Alexandra
Hospital, Portsmouth, a £230 million contract for News International to design
and construct new print facilities and a £118 million construction contract for
British Nuclear Group, together with four contracts in joint venture - two
support 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 positioned
to make further progress in 2006.
For further information contact
John Denning, Director Group Corporate Affairs 01902 316384
This information is provided by RNS
The company news service from the London Stock Exchange
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