(Alliance News) - TClarke PLC on Thursday said it continues to trade in line with expectations for 2020.
The London-based building services company said it anticipates revenue for the year to be GBP240 million and underlying earnings before interest and tax to be GBP6 million.
For 2019, TClarke reported revenue of GBP334.6 million and underlying Ebit of GBP10.2 million.
During the second half of the year so far, TClarke said it has been successful in winning new projects from clients across a wide range of sectors. The company's forward order book has increased to GBP422 million. This is 17% higher than at the same point in 2019.
Going forward, the company said its proven strategy remains to focus on projects and markets that meet its margin and growth criteria.
"TClarke has once again demonstrated the direct benefits of our excellent reputation within our industry that has helped drive our clients' continued confidence to work with us and award the group significant new projects," said Chief Executive Mark Lawrence.
"Looking to the future, we have a well-balanced approach to winning work with projects from a range of sectors and I am delighted that we have been so successful in the Healthcare and Technology sectors in particular," added Lawrence.
TClarke shares were trading 13% higher in London on Thursday at 99.00 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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