Carillion’s workload piles up despite shortage of construction deals

CARILLION

Contracts in the pipeline

With construction outsourcing deals on the decrease, Carillion claims it is pleased with its efforts in securing GBP 2.2 billion worth of contracts in the first half 2012. Its wins include a five-year facilities management deal with the Ministry of Defence worth GBP 45 million, a three-year deal with Direct Line Group, a managed motorways deal with the Highway Agency worth GBP 62 million and a number of deals with local authorities including a property and financial management services deal with Oxfordshire County Council worth GBP 700 million.

The company reported group underlying earnings of GBP 7.1 million and an increase of 1%, a 6% increase in supports services division revenues. Its shares are up 0.6p at 268.4p.