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Market Cap: £51.74m
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Full Year Trading Update

12 Dec 2019 07:00

RNS Number : 5853W
Billington Holdings PLC
12 December 2019
 

Billington Holdings Plc

("the Company" or "Billington")

Full Year Trading Update

The Company is pleased to provide the following trading update for the year ending 31 December 2019.

 

The directors of the Company anticipate revenue for the financial year ending 31 December 2019 will be higher than the current market expectation of £78 million following the successful completion of a number of large projects in the year. Pleasingly, profits are also expected to be above the market forecast of £5.2 million and we envisage the level of cash generation to be similarly positive.

 

Mark Smith, CEO of Billington Holdings PLC, commented:

 

"We are pleased to be able to announce this increase in our expected outturn for the year. The current political and economic uncertainties will undoubtedly present challenges for the Company in 2020. However, the positive momentum, the Company's strong market position and robust and consistent financial performance of the Company leaves it well placed to move forward into 2020 and beyond with confidence"

 

For further information please contact:

 

Billington Holdings Plc

Tel: 01226 340 666

Mark Smith, Chief Executive

 

Trevor Taylor, Finance Director

 

 

 

WH Ireland Limited

Tel: 020 7220 1666

Chris Hardie

 

James Sinclair-Ford

 

Jasper Berry

 

 

 

IFC Advisory Limited

Tel: 020 3934 6630

Tim Metcalfe

Graham Herring

 

Zach Cohen

 

 

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
TSTFFSFWFFUSEIE
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