{"id":4798,"date":"2019-04-09T08:43:27","date_gmt":"2019-04-09T08:43:27","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=4798"},"modified":"2019-04-09T08:43:27","modified_gmt":"2019-04-09T08:43:27","slug":"billington-delivers-record-revenue-and-profit","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/billington-delivers-record-revenue-and-profit\/","title":{"rendered":"Billington delivers record revenue and profit"},"content":{"rendered":"

Steelwork contractor Billington is predicting another strong performance this year after a record 2018.<\/p>\n

Revenue ticked up 5% to \u00a377m generating an 11% rise in pre-tax profit to nearly \u00a35m – both record figures for the Yorkshire firm.<\/p>\n

The results were delivered against a backdrop of overall constructional steelwork market\u00a0growth of 1% to 895,000t in 2018.<\/p>\n

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During the year the main structural steel businesses, Billington Structures and Shafton Steel Services operated at near optimum output, increasing its workforce by 5% to 379 staff.<\/p>\n

Strong performances at the Leeds-based Peter Marshall Steel Stairs, and its\u00a0easi-edge fall protection businesses helped to lift group margin from 6 to 6.5%.<\/p>\n

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Mark Smith, chief executive officer, said:\u00a0<\/span>“The level of secured work Billington takes forward into 2019 is unprecedented and ensures that we can look to the future with optimism.”<\/p>\n

He added: “2018 saw the company secure its largest project to date, in Europe.<\/p>\n

“We are confident of delivering the project successfully and we remain optimistic that further opportunities within Europe can be secured as we maintain a focus in this area.”<\/p>\n

A favourable exchange rate with the Euro helped Billington to secure the large Belgian data centre project, which is due to complete at the end of the year.<\/p>\n

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Smith said: “Undoubtedly 2019 will present its challenges, however, we are confident it will be another successful and progressive year for the group.<\/p>\n

“Billington continues to monitor both the challenges and opportunities which may result from the UK’s exit from the European Union.”<\/p>\n

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“To date we have seen no discernible impact on trading or enquiry levels.”<\/p>\n

According to the British Constructional Steelwork the sector is expected to growth to 920,000 tonnes by 2021 with particular opportunities in the power and infrastructure sectors – both areas in which Billington is active, added Smith.<\/p>\n

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from Construction Enquirer http:\/\/bit.ly\/2FZ9qH7<\/p>\n","protected":false},"excerpt":{"rendered":"

Steelwork contractor Billington is predicting another strong performance this year after a record 2018. Revenue ticked up 5% to \u00a377m generating an 11% rise in pre-tax profit to nearly \u00a35m – both record figures for the Yorkshire firm. The results were delivered against a backdrop of overall constructional steelwork market\u00a0growth of 1% to 895,000t in […]<\/p>\n","protected":false},"author":1,"featured_media":152,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-4798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/4798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=4798"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/4798\/revisions"}],"predecessor-version":[{"id":4799,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/4798\/revisions\/4799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/147"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=4798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=4798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=4798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}