(Alliance News) - Billington Holdings PLC on Friday reported that it has secured six new contracts, worth a combined value of GBP90 million.
Shares in Billington rose 12% to 449.95 pence each in London on Friday morning.
The Barnsley, England-based structural steel and engineering activities firm did not disclose what the contracts were for, but it noted that they span a "variety of sectors", including power generation, manufacturing and retail logistics.
The contracts will be delivered over the next 24 months.
Commenting on the new deals, Chief Executive Officer Mark Smith said: "The award of these significant contracts is great news for Billington. They are a testament to our group offering in a challenging trading environment and demonstrates that Billington is a steelwork contractor of choice. The group currently has a record order book and these contracts provide further confidence that Billington will continue to perform well in 2024 and into 2025, further underpinning current market expectations. I look forward to providing further updates at the time of the release of the group's results for the year ended 31 December 2023 in April 2024."
By Sabrina Penty, Alliance News reporter
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Billington (BILN)