REG - Clarke(T.) PLC - AGM Statement <Origin Href="QuoteRef">CTO.L</Origin>

TclarkeAnnouncement

05/05/2017 07:05

RNS Number : 2409E
Clarke(T.) PLC
05 May 2017
TClarke
AGM AND TRADING UPDATE
Ahead of the Annual General Meeting, being held todayat 10.00am at200 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 1st January 2017 to date.
We are pleased to announce that recently secured projects include:
 Dyson, New Research and Development Campus Development at Hullavington Airfield, Wiltshire
 A two-year extension to the Term Contract at Westinghouse Springfields (Nuclear Fuels), Preston
 20 St. James Street, London Office Refurbishment Scheme
 Thomson Reuters HV Infrastructure Upgrade
 The Reach Free School, Rickmansworth
 Gloucester Royal Hospital - MRI Installation
 Royal Cornwall Hospitals Trust - three year Term Contract for the provision and maintenance of Security Systems, CCTV and Access Control
 Avant Homes, Blantyre, Glasgow - Residential Plumbing and Heating Scheme 
 Shackleton Building, Nurse Teaching Facility at University of Sunderland
 Robertson Homes, Bearsden, Glasgow, Residential Plumbing and Heating Scheme 
Our confidence for the medium term is underpinned by this ability to secure significant projects in the markets where we operate. As a result of new project wins our replenished order book has for the first time surpassed 400 million and as at the 30th April stood at 402 million an increase of 22% since the beginning of the year.
As a result of the strengthening order book and based upon current project programmes we expect revenues and profits for 2017 to be ahead of current market expectations, which are revenues of 300 million, underlying profit before tax of 6.1 million and underlying EPS of 11.3p.
Our direct workforce is valued by our clients and we believe this contributes to our success. We will continue to target opportunities to match planned capacity and resources with a focus on projects which further improve the margin profile of the business.
The next update is scheduled for 8th August 2017 with the release of the Group's interim results.
ENDS
Date: 5th May 2017
For further information contact:
TClarke plc


Mark Lawrence
Martin Walton
David Lanchester
Chief Executive Officer
Finance Director
Company Secretary
Tel: 020 7997 7400


www.tclarke.co.uk


N+1 Singer (Financial Adviser and Broker)
RMS Partners

Sandy Fraser
Simon Courtenay

Rachel Newton
Tel: 020 3735 6551

Tel: 020 7496 3000


www.nplus1singer.com



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