Annual Report and Accounts 2007
Financial Highlights
UK support services and construction company Carillion plc announces its Annual Report and Accounts for 2007.
Highlights
Total revenue (1)
£4.0bn +13% (2006: £3.5bn)
Underlying profit before tax (2)
£101.8m +23% (2006: £82.6m)
Underlying earnings per share (2)
28.9p +22% (2006: 23.7p)
Reported profit before tax (1)
£94.4m +39% (2006: £68.1m)
Reported earnings per share (3)
27.1p +25% (2006: 21.6p)
Total dividend
11.0p +22% (2006: 9.0p)
Order book
£16.0bn (2006: £16.0bn)
- Successful integration of Mowlem earlier than expected – integration savings of at least £26m per year achieved, 73% above original expectation
- Strong growth in support services – revenue up 23%
- Construction margins improving – total underlying construction margin up to 2.1% (2006: 1.7%)(2)
- £16.0bn order book (2006: £16.0bn) – pipeline of probable orders increased to £3.6bn (2006: £1.6bn)
- Opportunities to substantially increase Middle East revenue, from the 2007 level of £337m to more than £600m, over the next two years
- Alfred McAlpine acquisition completed in February 2008 – integration underway
- Overall outlook in main markets remains positive – support services, Public Private Partnership projects and Middle East activities now represent 89% of the Group’s underlying operating profit
(1) Continuing operations
(2) Continuing operations before intangible amortisation, impairment, restructuring costs and non-operating items
(3) Continuing and discontinued operations
Annual Report and Accounts 2007
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