- Order book up from £555mn to £720mn since start of 2023
- 2024 earnings forecasts point to 33 per cent pre-tax profit growth
- Infrastructure order book up £65mn in 18-week period
Building services contractor TClarke (CTO:144p) has reported a 30 per cent surge in its order book to a record £720mn since the start of the year.
Around 40 per cent of the £165mn increase reflects successful tenders in the infrastructure sector – the segment accounted for 19 per cent of group revenue of £426mn in 2022. It also reflects the increased visibility of revenue outside of London through the growth of contracted work in the healthcare sector and larger projects; the two segments accounted for a fifth of last year’s revenue. More than 20 projects outside London have a contract value of £5mn or more, where the group is either on site or the project is due to commence in 2023 or 2024.