Half Year Results for the six months ended 30th June 2019

1/8/19 : For the full report please go to the regulatory news section of this website

Business Highlights: 

  • Revenue up 12% to £171.3 million.
  • Underlying operating margin increased to 2.9% from 2.6%.
  • Cash of £3.6 million.
  • 14% increase in interim dividend to 0.75p per share (30th June 2018: 0.66p per share).
  • £370 million forward order book maintained (30th June 2018: £370 million).

TClarke plc, the Building Services Group, announces its half year results for the six months ended 30th June 2019.

Mark Lawrence, Chief Executive, commented 

“The Board is pleased with these results which demonstrate that TClarke is in excellent shape. The success of our strategy of targeting repeat work for blue chip clients, balanced with sensible growth, focusing on improving margins and seeking new markets aligned to our core business, is firmly reflected in our results. 

Looking ahead, the Board is confident that the Group will deliver a performance for the full year in line with current market expectations. We remain very selective about the quality of the work that we take on and despite some competitive pressures, our order book has been maintained at £370 million.  

September will see our annual intake of apprentices commencing their training with TClarke and yet again the business is making this important investment in our future workforce. We wish the 50 apprentices joining us across the UK all the success for their future years with TClarke.”

Date: 1st August 2019

Important Note : for the full RNS please go to the regulatory news section of our website