UK's Billington Holdings H1 profit jumps 70% on data centre demand

Billington Holdings

29/09/2026 07:10

Overview
UK structural steel specialist's H1 revenue rose 29%, driven by higher steel content in projects
Profit before tax for H1 up 70%, reflecting focus on larger, complex projects and efficiencies
CEO Mark Smith to retire Jan 2027, COO Trevor Taylor named as successor

Outlook
Company expects full-year results to be in line with market expectations
Billington notes challenging market conditions and continued pricing pressure in structural steelwork
Company sees strong demand in energy, data centres and infrastructure sectors supporting its order book

Result Drivers
HIGHER STEEL CONTENT - Co said revenue growth was mainly due to a return to higher average steel content across structural steelwork projects
LARGER, COMPLEX PROJECTS - Co attributed profit growth to focus on larger, more complex projects and operational efficiencies
SECTOR DEMAND - Strong activity in energy, data centres and infrastructure sectors supported record order book

Company press release: ID:nRSc6525Wa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
GBP 53.95 mln
 
H1 EBITDA
 
GBP 3.73 mln
 
H1 Pretax Profit
 
GBP 2.84 mln
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the construction & engineering peer group is "buy."
Wall Street's median 12-month price target for Billington Holdings PLC is GBp515.00, about 13.2% above its September 28 closing price of GBp455.00
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Sept 28 - Kazakh court rejects Kashagan oil operator's bid to block enforcement of $5 bln fine 
Sept 29 - AstraZeneca files for US FDA approval of HUTCHMED lung cancer drug combination

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)