UK’s Carillion boasts €1.37 billion in orders

UK-based Carillion has secured contracts worth a combined £1 billion (€1.37 billion) across the board, with its construction sector boasting over 50% of the new work.

The multinational facilities management and construction services company has secured new contracts worth over £550 million (€758 million) in its construction sector. These include projects for the Defence Infrastructure Organisation, together with projects for the Paradise Circus Limited Partnership in Birmingham, UK, and the Kings Cross Central Limited Partnership in London, UK, where Argent is acting as development manager for both projects.

In its support services sector, Carillion has been awarded new contracts, and is currently in negotiations on further contracts which could total a combined value of over £350 million (€482.7 million). These include new facilities management contracts or contract extensions in the UK for Direct Line Group, Verizon and Virgin Media.

Meanwhile, Outland Group, based in Canada, which Carillion acquired in May this year, is also in negotiations with customers as their preferred delivery partner for a number of new contracts and contract extensions to provide remote site accommodation and associated services, said the company.

Finally, Carillion joint ventures are in negotiations to deliver further support services work for the Defence Infrastructure Organisation and for Openreach to deliver a substantial proportion of its Superfast Extension Programme to extend Superfast Broadband to 95% of the UK by the end of 2017.

Richard Howson, CEO, said, ''I am pleased to say that the pace of work winning in the second half of the year has continued to pick up, as we expected. Much of the £1 billion [€1.37 billion] of new work announced today reflects our continuing success in winning repeat work for long-term customers, consistent with our selective approach to contracts and margins.

“We also continue to see some improvements in market conditions, especially in the UK, and following the UK Government's spending review, we expect to see further opportunities for outsourcing and capital projects over the medium term."