Billington Holdings PLC (LON:BILN), one of the UK’s leading structural steel and construction safety solutions specialists, today announced its unaudited interim results for the six months ended 30 June 2019.
| Unaudited six months to 30 June 2019 | Unaudited six months to 30 June 2018 | Percentage Movement | |
| Revenue | £47.15m | £39.39m | 19.7% |
| EBITDA | £3.55m | £2.54m | 39.8% |
| Profit before tax | £2.68m | £1.94m | 38.1% |
| Cash and cash equivalents | £10.01m | £7.56m | 32.4% |
| Earnings per share (EPS) from continuing operations | 17.80p | 12.80p | 39.1% |
Highlights
· Record revenue, with an increase of 19.7 per cent to £47.15 million (H1 2018: £39.39 million)
· Profit before tax increased 38.1 per cent to £2.68 million (H1 2018: £1.94 million)
· EPS increased 39.1 per cent to 17.80 pence
· Further positive cash growth
· Continued investment in the safety solutions businesses
· All Group companies have performed well over the period, with momentum from 2018 continuing into the current year
· Continued, successful delivery of large European project with prospect for future works
· Billington Structures was awarded two contracts with a combined value of £30 million in June 2019 ensuring production volumes are likely to remain at similar levels
Mark Smith, Chief Executive of Billington Holdings, commented:
“I am very pleased with the Group performance in the first half of the year, continuing the strong momentum from 2018. We started the year with a record order book and consequently the first half has been a very busy period for the Group across all our businesses. We have continued to build our order book with further significant contracts secured.
“Whilst the overall market continues to be uncertain, the outlook for Billington remains positive, particularly given the Group’s ability to target a diverse range of projects insulating us, in part, from any temporary slowdowns in the market. I look forward to the remainder of the year and beyond with cautious optimism.”
