Carillion warns of lower revenues

4 October 2012 Support services firm Carillion has said its revenues for 2012 will be lower than last year as it continues its rescaling of UK operations.
In its third quarter interim management statement, the firm said its outlook for 2012 remains in line with expectations, with strong pipeline in its Middle East construction and support services divisions.

However, it blamed the “shrinking UK market” for the rescoping of its construction activities in the country.

The company also saw further sales of equity investments in PPP deals, resulting in cash proceeds of £15.4m.

“We also remain well positioned to achieve our medium-term targets, namely to deliver growth in support services and to double our annual revenues in the Middle East and in Canada in the five year period to 2015,” the firm added.

This page was last updated on:
13 February 2017.

thumb

Power Play

The UK government's political strength could have come at just the right time for the PPP market

thumb

Coming into their Prime

At its start, Prime delivered new buildings for individual GPs. As the company approaches its 21st birthday, Leighton Chumbley and Richard Laing tell Paul Jarvis how the company has grown up

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...