- Record annual revenue of £491mn
- Margin hit by one-off costs
- Pre-tax profit set to recover strongly in 2024
Building services contractor TClarke (CTO:123p) has reported a 70 per cent year-on-year surge in its year-end order book, buoyed by the boom in data centres.
Accounting for a fifth of TClarke’s revenue in 2023, the technologies segment’s order book has quadrupled from £88mn to £346mn, or 37 per cent of the group order book of £943mn. This not only highlights TClarke’s growing reputation and leadership in the engineering of data centres, which is enabling the group to win an increasing number of large contracts, but an acceleration of end-market demand fuelled by the emergence of artificial intelligence (AI).