AGM Statement

RNS Number : 4246X

Clarke(T.) PLC

06 May 2016

 

TCLARKE PLC

AGM AND TRADING UPDATE

Ahead of the Annual General Meeting, being held today at 10.00am at 200 Aldersgate, St Paul's, London EC1A 4HD, TClarke plc ("TClarke" or the "Group") the building services group, issues a Trading Update covering the period from 1 January 2016 to date.

Trading

Trading for the year to date is in line with the Board's expectations, with our revenues to the 30^th April 2016 standing at £78 million (30^th April 2015 £72 million). 

Order Book

The targeted tender process that we have implemented across our businesses has been successful.  This has meant that the value of our replenished forward order book remains strong and it has now reached a new record level, increasing 10% to £330 million compared to £300 million at the same time last year.

The Board believes that our expectations for the Group's annual revenues will be met for the current year.  The majority of the Group's businesses have secured revenues in excess of 85% of their targets. Looking forward, 45% of forecast revenues have been secured for 2017 and a further £38 million for 2018 and beyond.

We remain confident about the progress we are making.  We are seeing margin improvements across the Group and we will continue to target opportunities to match our planned capacity and resources with a focus on projects which will further improve the margin profile of the business.

Outlook

Overall the trading environment continues to improve and the Board remains confident for future prospects.

The next update is scheduled for 2^nd August 2016 with the release of the Group's interim results.

-ends-

6^th May 2016

For further information contact:

TClarke plc

Mark Lawrence - Group Chief Executive

Martin Walton - Finance Director

Alexandra Dent - Company Secretary

Tel: [phone]

www.tclarke.co.uk

N+1 Singer (Financial Adviser and Broker)

Sandy Fraser

Rachel Newton

Tel: [phone]

www.nplus1singer.com

Capital Access Group

Simon Courtenay

Tel: [phone]

www.capitalaccessgroup.co.uk

 

END

 

 

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