{"id":8344,"date":"2025-10-09T06:47:02","date_gmt":"2025-10-09T06:47:02","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=8344"},"modified":"2025-10-09T06:47:02","modified_gmt":"2025-10-09T06:47:02","slug":"colas-trims-losses-as-highways-reset-starts-to-deliver","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/colas-trims-losses-as-highways-reset-starts-to-deliver\/","title":{"rendered":"Colas trims losses as highways reset starts to deliver"},"content":{"rendered":"

Highways contractor Colas has sharply reduced its annual losses after a major overhaul of its UK highways operations and a tighter focus on core profitable markets.<\/p>\n

The contractor reported a pre-tax loss of \u00a32.1m for 2024, improved from a \u00a313.3m loss in the prior year.<\/p>\n

The deficit was mainly caused by finance costs linked to unpaid claims on construction projects, but the business returned to operating profitability with a \u00a30.8m surplus as its turnaround plan took hold.<\/p>\n

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Turnover edged down 4% to \u00a3258m as Colas continued to exit regional contracting work and concentrate on its asset maintenance and surfacing operations.<\/p>\n

Chief executive Faical Lahmamsi said the strategy was starting to pay off. He said the company\u2019s focus on profitable markets and halting loss-making activities had successfully returned the business to operational profitability.<\/p>\n

The business is now built around two main streams \u2013 asset and maintenance solutions, and products and surfacing solutions \u2013 with strong pipelines in both.<\/p>\n

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Colas also benefited from the launch of Continental Bitumen UK, strengthening material supply and supporting its low-carbon product strategy.<\/p>\n

Cash at year end more than doubled to \u00a313.4m, while the order book slipped to \u00a3213m from \u00a3236m due to the regional business wind-down.<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/L1SzHkO<\/p>\n","protected":false},"excerpt":{"rendered":"

Highways contractor Colas has sharply reduced its annual losses after a major overhaul of its UK highways operations and a tighter focus on core profitable markets. The contractor reported a pre-tax loss of \u00a32.1m for 2024, improved from a \u00a313.3m loss in the prior year. The deficit was mainly caused by finance costs linked to […]<\/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-8344","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\/8344","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=8344"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/8344\/revisions"}],"predecessor-version":[{"id":8345,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/8344\/revisions\/8345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/148"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=8344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=8344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=8344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}