REG - Billington Holdings - £90 million of Contracts Awarded

Billington HoldingsAnnouncement

22/03/2024 07:00

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RNS Number : 8680H  Billington Holdings PLC  22 March 2024

 

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:

 Billington Holdings Plc                           Tel: 01226 340 666

 Mark Smith, Chief Executive Officer

 Trevor Taylor, Chief Financial Officer

 Cavendish Capital Markets Ltd - Nomad and Broker  Tel: 020 7220 0500

 Ed Frisby / Charlie Beeson - Corporate Finance

 Andrew Burdis - ECM

 IFC Advisory Limited                              Tel: 020 3934 6630

 Tim Metcalfe                                      billington@investor-focus.co.uk

 Graham Herring

 Zach Cohen

 

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/
(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.

 

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