REG - TClarke PLC - AGM Statement

TclarkeAnnouncement

11/05/2022 07:01

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220511:nRSK9858Ka&default-theme=true

RNS Number : 9858K  TClarke PLC  11 May 2022

 

 

 

TClarke plc

 

AGM AND TRADING UPDATE

DATA CENTRES FUEL GROWTH IN REVENUES

 

Ahead of the Annual General Meeting, being held today at 10.00am at 200
Aldersgate,  London EC1A 4HD, TClarke plc ("TClarke" or the "Group"), the
Building Services Group, issues a Trading Update covering the period from 1
January 2022 to date.

The Group is pleased to report that trading in the early months of the 2022
financial year has continued to be strong and the Group is very well placed
to deliver year two of its three-year plan to achieve annual revenues of
£500m. The Board remains very confident that revenues and profits for the
year will be in line with market expectations.

For the year ending 31 December 2022, market expectations are forecast to be
revenues of £410 million; EBITDA of £13.9 million; operating profit (EBIT)
of £12 million and earnings per share (EPS) of 21p.

 

The Group is pleased with the continuing high quality of its forward order
book, which as at 30 April 2022 is at a record high of £585 million (2021:
£472 million).

 

The Group is maintaining historically high levels of orders across our core
markets, with a strong pipeline of further potential opportunities across all
of our target market sectors. As always, we focus on projects and schemes
where clients have indicated that they are committed to proceeding.

 

The growth in order book is being fuelled most materially by data centres
which are expected to account for one third of the Group's business by year
end. The data centre market continues to be extremely buoyant and we expect
the significant growth in this market to continue in the medium term.

 

Overall, the outlook for TClarke continues to be very positive and we look
forward to reporting in due course on progress made during the remainder of
the year.

The Group confirms that it will publish its Half Year results for the six
months ending 30 June 2022 on 14 July 2022.

 

-ends-

11 May 2022

 

For further information contact:

 

TClarke plc

Mark Lawrence
 

Group Chief Executive

Trevor Mitchell

Finance Director

Tel: 020 7997 7400
 

www.tclarke.co.uk

 

Cenkos Securities plc (Corporate Broker)

Ben Jeynes (Corporate Finance)

Alex Pollen (Sales)

Tel: 020 7397 8900

www.cenkos.com

 

RMS Partners

Simon Courtenay

Tel: 020 3735 6551

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMFLFLVEAIILIF