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Pin to quick picksBillington Regulatory News (BILN)

Share Price Information for Billington (BILN)

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Full Year Trading Update

15 Nov 2021 07:00

RNS Number : 2940S
Billington Holdings PLC
15 November 2021
 

Billington Holdings Plc

("Billington", the "Group" or the "Company")

Full Year Trading Update

Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, provides the following trading update for the year ending 31 December 2021.

 

As highlighted in the interim results announced on 21 September 2021, the precise outturn for the current financial year was dependent on the timing of certain key contracts, combined with any potential impact from continuing material price inflation and supply chain constraints.

 

Delays in the construction industry remain well reported and it has now become evident that the completion of certain key projects will not take place by year-end, thus impacting the profitability, and to a lesser extent revenue, in the current financial year. The Board expects the profit associated with these contracts will now be recognised in the financial year-ending 31 December 2022.

 

As a result, market expectations of the anticipated Group profit before tax will not now be met for the year ending 31 December 2021. However, the delayed profit recognition, in combination with the Group's strong order book and project pipeline provides greater confidence in meeting current market expectations for the year to 31 December 2022.

 

Mark Smith, CEO of Billington, commented:

 

"2021 has been dominated by the continued challenges arising from the pandemic for both Billington and its clients alike. The construction sector is suffering material and labour supply constraints that have affected the delivery of projects and delayed anticipated completion dates. As a result, this has adversely impacted this year's profitability. However, tendering opportunities remain buoyant and of a good quality, together with a good orderbook provides an increased degree of confidence for 2022 and beyond."

 

For further information please contact:

 

Billington Holdings Plc

Tel: 01226 340 666

Mark Smith, Chief Executive

Trevor Taylor, Chief Financial Officer

WH Ireland Limited

Tel: 020 7220 1666

Chris Hardie

Jasper Berry

IFC Advisory Limited

Tel: 020 3934 6630

Tim Metcalfe

Graham Herring

Zach Cohen

 

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TSTFFAFWEEFSESF
Date   Source Headline
25th Mar 20147:00 amRNSFull Year Results
30th Jan 20147:00 amRNSYear End Trading Update
20th Jan 20144:51 pmRNSHolding(s) in Company
20th Jan 20143:45 pmRNSDirector/PDMR Shareholding
10th Sep 20137:00 amRNSInterim Results
9th Jul 20137:00 amRNSTrading Statement
19th Jun 201310:46 amRNSDirector/PDMR Shareholding
7th Jun 201311:19 amRNSDirector/PDMR Shareholding
26th Apr 201312:52 pmRNSDirector/PDMR Shareholding
19th Mar 20137:00 amRNSFinal Results
10th Dec 20124:00 pmRNSBoard Changes
11th Sep 20127:00 amRNSInterim Results
20th Mar 20127:00 amRNSFull Year Results
17th Nov 201111:31 amRNSTrading Statement
13th Oct 20117:00 amRNSDirectorate Change
6th Jul 20117:00 amRNSDirectorate Change
15th Mar 20117:00 amRNSFinal Results
13th Jan 20117:00 amRNSChange of Adviser
8th Oct 20108:15 amRNSDirectorate Change
14th Sep 20107:00 amRNSHalf Yearly Report
28th Jun 20103:43 pmRNSAGM Statement
11th May 20107:00 amRNSFinal Results
5th May 20109:32 amRNSDisposal of non core business
2nd Mar 20107:00 amRNSBillington wins Cafe Royal contract
17th Feb 20109:42 amRNSBillington invest in new machinery
16th Nov 20098:58 amRNSHolding(s) in Company
15th Sep 20097:00 amRNSInterim Results
3rd Sep 20097:00 amRNSNotice of Results
15th Jul 20097:00 amRNSTrading Update / Analyst site visit
30th Jun 200912:16 pmRNSDirector/PDMR Shareholding
21st May 20093:23 pmRNSResult of AGM
17th Mar 20097:00 amRNSFinal Results
4th Mar 20097:00 amRNSNotice of Results
15th Sep 20087:00 amRNSInterim Results
10th Jul 20087:00 amRNSTrading Statement
2nd Jul 20088:00 amRNSName change effective
30th Jun 20083:55 pmRNSAnnual Report and Accounts
24th Jun 200812:15 pmRNSResult of AGM
23rd Apr 20087:00 amRNSFinal Results
14th Apr 20087:00 amRNSDisposal
21st Aug 20078:56 amRNSAIM Notice 26
8th Aug 20075:13 pmRNSHolding(s) in Company
7th Aug 200711:34 amRNSInterim Results
27th Jun 20078:57 amRNSAnnual Report and Accounts
27th Jun 20078:28 amRNSDirector/PDMR Shareholding
27th Jun 20078:21 amRNSAGM Statement
13th Apr 20071:54 pmRNSDirector/PDMR Shareholding
13th Apr 20071:52 pmRNSHolding(s) in Company
10th Apr 20078:11 amRNSDirectorate Change
14th Mar 20072:15 pmRNSDirector/PDMR Shareholding

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