For the six months to 30th June 2022, TClarke generated revenue of 拢206.2m (2021 H1: 拢138.2m) and made a pre-tax profit of 拢5.5m (2021 H1: 拢1.9m). Operating margin improved from 1.7% last year to 2.9% this time.
Revenue growth has been experienced by all regions, directors said, but has been particularly strong in London where revenues at 拢125.1m are 72% higher than in 2021. This growth is expected to continue throughout the rest of 2022 with revenues for the full year now expected to be around 拢450m.
With a new record order book worth 拢586m, up 拢83m on a year ago, and a 拢1bn pipeline of current bids, there is confidence in hitting the target of turning over 拢500m next year.
The order book is split as follows:
| Market sector | 30 June 2022 | 30 June 2021 | Increase |
|---|---|---|---|
| 听 | 拢尘 | 拢尘 | % |
| Infrastructure | 141 | 93 | 52% |
| Technology | 184 | 132 | 39% |
| Residential & Hotels | 96 | 113 | -15% |
| Engineering Services | 151 | 153 | -1% |
| Facilities Management | 14 | 12 | 17% |
| Total | 586 | 503 | 17% |
Chief executive Mark Lawrence said: 鈥淲ith the current economic conditions, the business is rightly cautious, however the strategy we follow is of a disciplined tendering approach with early engagement with our supply chain partners and our clients which is ensuring we are not exposed to unnecessary risks.
鈥淭he record half year revenues and forward order book along with the current visibility of future workloads in our target revenue streams mean TClarke now expects to deliver 拢450m revenue in 2022 and achieve its 拢500m target in 2023."
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