TClarke PLC AGM - Trading Update (5266X)
May 05 2021 - 1:00AM
UK Regulatory
TIDMCTO
RNS Number : 5266X
TClarke PLC
05 May 2021
TClarke plc
AGM and Trading Update
TCLARKE ORDER BOOK HITS NEW HIGH
AS TRADING CONTINUES TO STRENGTHEN
Ahead of the Annual General Meeting, being held today at 10.00am
at 45 Moorfields, London EC2Y 9AE, TClarke plc ("TClarke" or the
"Group"), the Building Services Group, issues a Trading Update
covering the period from 1(st) January 2021 to date.
The Group is pleased to report that trading in the first four
months of the 2021 financial year has continued to be positive and
is in line with expectations. The Board is particularly encouraged
by the growth of the forward order book and importantly the number
of significant opportunities that TClarke is well placed to secure
across all of our market sectors, as we move forward with our
strategy to grow revenues to GBP500m, whilst maintaining our
underlying margins.
The forward order book reflects growth coming through and now
stands at a new record level of GBP472m (2020: GBP382m). The growth
in the order book has been driven by successful project wins in
technologies (data centres) and infrastructure (healthcare), where
we have been further developing our capabilities.
The business is well positioned to take advantage of further
opportunities and w e are confident that this positive momentum
will continue across all of our markets and geographies and the
Group has aligned its resources to match the anticipated growth in
revenues.
In summary, TClarke has made an excellent start to the year and
the Board looks to the future with continued confidence underpinned
by excellent revenue visibility and we look forward to reporting on
the progress that we make over the remainder of the year.
Appointment of Non- Executive Director
With respect to the Board, we are pleased to announce today that
Jonathan Hook will be joining the Board as an Independent
Non-Executive Director of the Company from 1(st) July 2021.
Jonathan is currently global leader of
the Engineering & Construction practice at PwC. He retires from PwC on 30(th) June 2021.
Notice of Half-Year results
The next update is scheduled for 20(th) July 2021 with the
release of the Group's Half Year results for the six months ending
30(th) June 2021.
-ends-
5(th) May 2021
For further information contact:
TClarke plc
Mark Lawrence - Group Chief Executive
Trevor Mitchell - Group Finance Director
Tel: 020 7997 7400
www.tclarke.co.uk
Cenkos Securities plc (Corporate Broker)
Max Hartley (Corporate Finance)
Alex Pollen (Sales)
Tel: 020 7397 8900
www.cenkos.com
RMS Partners
Simon Courtenay
Tel: 020 3735 6551
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END
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