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Tue November 12 2024

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ISG order book grows a fifth

6 Dec 13 Construction group ISG has seen its order book grow by 20% in the past year from £761m last year to £915m, as of the start of last month.

Of this, 拢686m (October 2012: 拢587m) is for delivery by the end of June.聽

In a trading update this morning, the board said that its UK Construction business was 鈥渟eeing signs of a general improvement in the pipeline of opportunities鈥, while its Retail and Fit Out business were busy. The Fit Out and Engineering Services business is currently working on five 拢20m+ office fit-out schemes in London with a combined value of over 拢170m.

Business from mainland Europe continues to be subdued but conditions in the Middle East and Asia are improving.

鈥淥ur overseas businesses are making a key contribution to the group's performance with our recent acquisitions in Brazil and Germany further strengthening our network,鈥 the company said.

It concluded: 鈥淎s the UK and world economies emerge from the downturn and confidence returns, our strategy of greater sector focus and targeting of key large and emerging cities means that we are well placed to capitalise on the growing number of high quality opportunities coming to market.聽 We remain confident of meeting the board's expectations for the full year.鈥

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