13179TClarke unveils £1.1bn order book and ongoing growth

TClarke unveils £1.1bn order book and ongoing growth

As TClarke prepares to hit its three year ‘Revenue Roadmap’ target of £500m Revenue by 2023, the Board has also unveiled a record £1.1bn forward order book, setting the company for ongoing growth with strong expansion into 2024, 2025 and beyond.

TClarke’s Trading Statement has confirmed that the Group is firmly on track to deliver its three-year growth plan target of £500m revenues in 2023 and expects its year end net cash position to surpass £15 million at 31 December 2023, an increase of £6 million over current market expectations. The Board’s revenue and profit expectations for 2024 and 2025 remain unchanged.

Beyond the £1.1bn already secured in the order book, TClarke continues to see significant additional opportunity across all of its core market sectors and the Group is currently selectively tendering for in excess of £1.0bn of additional potential opportunities. This provides exceptional further forward visibility and instils confidence in the Board that the business will continue to expand rapidly into 2024 and 2025 and beyond.

Chief Executive Mark Lawrence commented : “We have now achieved a significant milestone, with our secured order book surpassing £1 billion for the first time. This substantial growth positions us well for future success and provides the Board with continued confidence in our ability to deliver a strong performance into 2024 and 2025”.