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<\/a><\/div>\n<\/div>\nBut in the latest numbers Willmott Dixon has booked a positive exceptional item of \u00a320m after securing net recoveries from third parties while winning a record \u00a31.3bn in contract awards.<\/p>\n
Chief Executive Officer Graham Dundas said: \u201cWe\u2019re delighted to have returned to profit as we expected in 2024, responding strongly to a difficult economic environment in 2023, and adding a record \u00a31.3bn of new contract awards to our high-quality order book.<\/p>\n
\u201cOur strategies, including a more rigorous focus on contract selection, are generating much improved consistency in our financial performance, with all parts of the Group delivering a meaningful contribution to the welcome return to profit in 2024.<\/p>\n
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<\/a><\/div>\n<\/div>\n\u201cThese results, and the operational performance that underpins them, give us great momentum and a solid foundation to move on into 2025, backed up by a very strong cash position and a solid pipeline of opportunities. I look forward to the rest of the year with confidence and cautious optimism.<\/p>\n
On trading so far this year, Dundas said: \u201cWe\u2019ve started the current trading year strongly with secured and probable workload of 93% by March. Most of this has been procured through public sector procurement frameworks, the bedrock of our order book, with 81% of our turnover derived from the public sector and 77% through long-term frameworks.<\/p>\n
\u201cOver half of our work is with repeat business customers, and this remains an area that we\u2019ll continue to grow using our presence on a combination of national and local frameworks.”<\/p>\n
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