Billington Holdings plc (LON: BILN), one of the UK’s leading structural steel and construction safety solutions specialists, has provided an update on current trading.
As outlined in the Company’s interim results for the six months ended 30 June 2024, announced on 17 September 2024, the Group delivered a strong performance across all its business units in the first half of the year. Continued strong delivery in the second half now results in Group profit before tax for the year ending 31 December 2024 is expected to be ahead of current market expectations.
The Group continues to benefit from improved manufacturing efficiencies and from the deployment of its capital investment programme across all the Group’s production facilities. The construction of a new building is being undertaken at the Group’s Shafton facility to provide extra capacity for Tubecon, as well as enabling it to undertake additional large and complex fabrications. This is expected to be fully operational in mid-2025. The Billington Structures business located at Shafton has also recently implemented an additional shift, and taken on additional resource, to service the volume of work it has secured.
