REG - Billington Holdings - Full Year Trading Update

Billington HoldingsAnnouncement

14/12/2022 07:00

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RNS Number : 6080J  Billington Holdings PLC  14 December 2022

14 December 2022

Billington Holdings Plc

 

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

 

Full Year Trading Update

 

 

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 for the year ending 31 December 2022.

 

As highlighted in the Company's interim results for the six months to 30 June
2022, announced on 27 September 2022, the Group had a strong order book at
improving margin levels, and a significant pipeline of opportunities,
providing an improved outlook for the second half of 2022 and into 2023.

 

The Company is pleased to report that trading has continued to improve.
Consequently, the Company now expects adjusted profit before tax for the year
ending 31 December 2022 to be significantly ahead of the Board's previous
expectations, with revenue remaining unchanged.

 

The order book, combined with further opportunities also provides increased
confidence for 2023 and the Company now expects adjusted profit before tax for
the year ending 31 December 2023 to also be significantly ahead of the Board's
previous expectations.

 

The Company expects to announce the results for the year ended 31 December
2022 in April 2023.

 

Mark Smith, CEO of Billington, commented:

 

"The recovery in activity we experienced in the first half of 2022 has
continued into the second half.  We have been focused on implementing
efficiency improvements throughout the Group that are now being realised.  I
am therefore pleased to report that whilst revenue will be in line, I expect
the Group to achieve profits for the current year and for 2023 significantly
ahead of the Board's previous expectations."

 

 

 

For further information please contact:

 Billington Holdings Plc                          Tel: 01226 340 666

 Mark Smith, Chief Executive Officer

 Trevor Taylor, Chief Financial Officer
                                                  Tel: 020 7220 0500

 finnCap Ltd - Nomad and Broker

 Ed Frisby / Charlie Beeson - Corporate Finance

 Andrew Burdis / Barney Hayward - ECM
                                                  Tel: 020 3934 6630

 IFC Advisory Limited

 Tim Metcalfe

 Graham Herring

 Zach Cohen

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/
(https://billington-holdings.plc.uk/)

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR").

 

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