REG - Billington Holdings - Full Year Trading Update

Billington HoldingsAnnouncement

12/12/2019 07:08

RNS Number : 5853W
Billington Holdings PLC
12 December 2019
 


Billington Holdings Plc
("the Company" or "Billington")
Full Year Trading Update
The Company is pleased to provide the following trading update for the year ending 31 December 2019.
 
The directors of the Company anticipate revenue for the financial year ending 31 December 2019 will be higher than the current market expectation of £78 million following the successful completion of a number of large projects in the year. Pleasingly, profits are also expected to be above the market forecast of £5.2 million and we envisage the level of cash generation to be similarly positive.
 
Mark Smith, CEO of Billington Holdings PLC, commented:
 
"We are pleased to be able to announce this increase in our expected outturn for the year. The current political and economic uncertainties will undoubtedly present challenges for the Company in 2020. However, the positive momentum, the Company's strong market position and robust and consistent financial performance of the Company leaves it well placed to move forward into 2020 and beyond with confidence"
 
For further information please contact:
 



Billington Holdings Plc


Tel: 01226 340 666




Mark Smith, Chief Executive


 




Trevor Taylor, Finance Director


 




 


 




WH Ireland Limited


Tel: 020 7220 1666




Chris Hardie


 




James Sinclair-Ford


 




Jasper Berry


 




 


 




IFC Advisory Limited


Tel: 020 3934 6630




Tim Metcalfe
Graham Herring


 




Zach Cohen


 



 
 
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.




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