Key operations in rail, building, marine and energy infrastructure all enjoyed earnings growth serving to the UK arm of the Dutch community to lift earnings 17% to £1.35bn. Highways and airport earnings were a minute bit down on last year.
The first driver of growth was VolkerFitzpatrick, which noticed earnings nearly double to £337m, lifted by biopharma, warehouse and movie studio projects.
|VolkerWessels divisional earnings
|Highways and airports
|Constructing industrial, industrial and education
|Marine, water, atmosphere and energy
CEO Richard Offord, who took the helm a year ago after 32 years at firm, talked about that the amplify in running profit margin from 2.4% to 2.8% was pushed by a recede in overheads growth in contrast to earnings growth.
He talked about: “All of our companies contributed positively to these outcomes by means of the provision of quality projects and services in their
particular markets, with a pair of projects in the marine and energy sectors producing losses at some level of the year, that were mitigated by strong efficiency in other areas in the industry.
“We’re seeing ever rising ranges of collaboration between our companies, combining our famous contractor strengths with the specialist abilities that now we have got in-condo, and offering added value and expertise for our possibilities in this attain.”
Searching ahead VolkerWessells maintained a strong account for book at year atomize at £1.73bn, down from £1.77bn in the prior length.
Cash improved rising 8% to £147m.