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Billington Holdings

Billington Holdings Plc Revenue increased 5.2 per cent to a record £77.3 million

Billington Holdings Plc (LON: BILN), one of the UK’s leading structural steel and construction safety solutions specialists, today announced its audited results for the year ended 31 December 2018.

Mark Smith, Chief Executive Officer, commented:

“We are delighted at the progress which has been made across all our Group companies during 2018 and this has helped Billington deliver a record performance.”

“The level of secured work Billington takes forward into 2019 is unprecedented and ensures that we can look to the future with optimism. Undoubtedly 2019 will present its challenges, however, we are confident it will be another successful and progressive year for the Group.”

“Billington continues to monitor both the challenges and opportunities which may result from the UK’s exit from the European Union. To date we have seen no discernible impact on trading or enquiry levels.”

“2018 has been a successful year for Billington further cementing its position as one of the leading structural steelwork companies in the UK. Consistent, managed growth over recent years provides the Group with a solid platform to further enable it to progress and develop. The Group’s strong financial position will ensure that as opportunities for development arise, we are able to capitalise and ensure further success.”

 31 December 201831 December 2017Percentage Change
Revenue£77.3m£73.5m5.2%
EBITDA*£6.5m£6.1m6.6%
Profit before tax£4.9m£4.4m11.4%
Cash and cash equivalents£9.3m£8.1m14.8%
Earnings per share from continuing operations33.6p29.1p15.5%
Dividend13.0p11.5p13.0%

Highlights

· Revenue increased 5.2 per cent to a record £77.3 million for the Billington Group (2017: £73.5 million)

· Profit before tax increased 11.4 per cent to £4.9 million (2017: £4.4 million)

· Dividend increased 13.0 per cent to 13.0 pence a share – covered 2.58 times by earnings

· Cash balance of £9.3 million (2017: £8.1 million), providing a solid platform for further growth

· Strong start to 2019 with robust forward order book and solid pipeline of potential new orders

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.