Carillion Says Trading In Line And Revenue Visibility Has Improved

LONDON (Alliance News) - Construction and support services company Carillion PLC on Wednesday said trading so far in 2016 has been in line with its expectations.

The company, in a statement ahead of its annual general meeting on Wednesday, said it expects better revenue and margins in its support services arm in 2016 following the mobilisation of contracts in 2015.

New orders secured so far in 2016 have increased revenue visibility for the full year to 94%, from 84% at the end of December, Carillion said.

The group affirmed its guidance for the full year and said its results will be weighted to the second half.

Carillion shares were trading flat at 293.30 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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Carillion Plc