TClarke PLC - London-based building services firm - Says its ‘high-quality’ secured order book continues to provide good forward visibility. As at October 31, total secured order book was £545 million, up from £534 million at December 31. Expects 2022 revenue to be in the region of £410 million with some £40 million of revenue previously expected to be delivered in 2022 now to be delivered in 2023. Says remains on track to deliver £500 million of revenue in 2023.
Expects 2022 to be the first time TClarke revenue has topped £400 million. Operating margins are forecasted to be around 2.8%. As a result, the company’s earnings per share are expected to rise by around 27% when compared to the prior year.
Chief Executive Officer Mark Lawrence: ‘As we approach the end of the year, I expect to be reporting that 2022 will have been a great year for TClarke. Our teams across the country are doing a fantastic job in continuing to win and deliver record volumes of high quality work, in spite of the challenging economic environment.’
Current stock price: 121.50 pence, down 3.2% on Thursday in London
12-month change: down 24%
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