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On 22 March 2024, Billington Holdings plc announced that its Group was recently awarded six new contracts with a combined value of circa £90 million. These contracts, which include the largest single contract in Billington's trading history, will be delivered nationally over the next 24 months, resulting in the Group's largest order book to date.
| Date | 22 Mar 2024 |
| Time | 07:00:05 |
| Category | Corporate updates |
| ID | 8680H |
22 March 2024
Billington Holdings plc
("Billington", the "Group" or the "Company")
£90 million of Contracts Awarded
Billington Holdings plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is pleased to announce that the Group has recently been awarded six new contracts with a combined value of circa £90 million.
Billington has secured the largest single contract in its trading history to achieve its largest order book to date, materially ahead of the previous record in Q1 2023. The contract wins span a variety of sectors including power generation, manufacturing and retail logistics, and will be delivered nationally over the next 24 months.
Mark Smith, Chief Executive Officer of Billington, commented:
"The award of these significant contracts is great news for Billington. They are a testament to our Group offering in a challenging trading environment and demonstrates that Billington is a steelwork contractor of choice. The Group currently has a record orderbook and these contracts provide further confidence that Billington will continue to perform well in 2024 and into 2025, further underpinning current market expectations. I look forward to providing further updates at the time of the release of the Group's results for the year ended 31 December 2023 in April 2024."
For further information please contact:
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Billington Holdings Plc Mark Smith, Chief Executive Officer Trevor Taylor, Chief Financial Officer
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Tel: 01226 340 666 |
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Cavendish Capital Markets Ltd - Nomad and Broker Ed Frisby / Charlie Beeson - Corporate Finance Andrew Burdis - ECM
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Tel: 020 7220 0500 |
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IFC Advisory Limited Tim Metcalfe Graham Herring Zach Cohen |
Tel: 020 3934 6630
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About Billington Holdings plc
Billington Holdings plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is a UK based Group of companies focused on structural steel and engineering activities throughout the UK and European markets. Group companies pride themselves on the provision of high technical and professional standards of service to niche markets with emphasis on building strong, trusted and long-standing partnerships with all of our clients. https://billington-holdings.plc.uk/
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.