TClarke PLC AGM Trading Update (8475Y)
10 Mayo 2023 - 1:00AM
UK Regulatory
TIDMCTO
RNS Number : 8475Y
TClarke PLC
10 May 2023
TClarke plc
AGM AND TRADING UPDATE
Strong Trading Continues In Line With Market Expectations
Increased Revenue Visibility Outside of London
Ahead of the 111(th) Annual General Meeting, being held today at
10.00am at 30 Crown Place, Earl Street, London EC2A 4ES, TClarke
plc ("TClarke", the "Group" or the "Company"), the Building
Services Group, issues a Trading Update covering the period from 1
January 2023 to date.
The Group is pleased to report that trading in the early months
of 2023 has continued to be strong. The Board remains highly con
dent that the Group will successfully deliver its growth strategy
so that our revenues will exceed GBP500m for the first time in the
current year.
Our forward order book has been replenished and so far during
2023 it has been strengthened significantly. The forward order book
now stands at GBP720m (2022: GBP585m) and TClarke is
well-positioned to manage additional revenues in our various market
sectors.
The Group has proactively invested in resources and capacity to
support its growth ambitions, resulting in TClarke being well
prepared for potential future opportunities and challenges.
An important message when compared to previous years, is the
increased visibility of our revenues outside of London, through the
growth of our work in the healthcare sector and larger projects.
Our infrastructure sector order book for example, which includes
projects in Healthcare, has increased by GBP65m since the start of
2023.
Whilst maintaining our strict selective approach to tendering,
the Board is encouraged by the strength of our position in the
market and it expects the Group's growth to continue into 2024.
Overall, the outlook for TClarke continues to be very positive
and we look forward to reporting on the progress that we make over
the remainder of the year.
Mark Lawrence, CEO, commented:
"The Group's continued confidence in delivering a strong
full-year performance in line with the market expectations is
reassuring and is an indication of the Company's clear
understanding of its capabilities and of its ability to manage its
resources effectively.
TClarke has a strong management team, a clear strategic vision,
and a solid operational structure, which positions us well for
future success".
The next update is scheduled for 13 July 2023 with the release
of the Group's Half Year results for the six months ending 30 June
2023.
-ends-
10 May 2023
For further information contact:
TClarke plc
Mark Lawrence, Group Chief Executive
Trevor Mitchell, Finance Director
Tel: 020 7997 7400
http://www.tclarke.co.uk
Cenkos Securities plc (Corporate Broker)
Ben Jeynes (Corporate Finance)
Alex Pollen (Sales)
Tel: 020 7397 8900
http://www.cenkos.com
RMS Partners
Simon Courtenay
Tel: 020 3735 6551
http://www.rmspartners.co.uk
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END
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May 10, 2023 02:00 ET (06:00 GMT)
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