Billington Holdings PLC High-profile Contracts Awarded (2537I)

TIDMBILN

RNS Number : 2537I

Billington Holdings PLC

22 November 2018

Billington Holdings Plc

('Billington', 'the Group' or 'the Company')

High-profile Contracts Awarded

Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is pleased to announce that its structural steel division, Billington Structures, has been awarded three contracts with a combined value of GBP41 million.

The first awarded contract is for a prominent film studio located in Slough, the second is for the construction of a data storage facility in Europe, and the third is for a commercial office development in London. The majority of the revenue from these contracts will be reflected in the 2019 financial year, contributing to a busy 2019 and placing the Company in a strong position for the coming year. Accordingly, the Company confirms it continues to trade in line with current market expectations.

Mark Smith, Chief Executive Officer, commented:

"It is with great pleasure that Billington can announce the award of these three exciting contracts which reflects the hard work that everyone at the Company has contributed over the past year. The data storage facility is particularly exciting as it indicates that our strategy of following opportunities in Europe is beginning to bear fruit.

"These contracts will provide Billington with a solid and sustained workflow throughout 2019 and they help reinforce the Company's optimism for the coming year.

"We look forward to working with our partners on these projects, delivering them safely and to the highest of standards."

ENDS

For further information please contact:

Billington Holdings Plc Tel: 01226 340666

Mark Smith, Chief Executive

Trevor Taylor, Finance Director

Blytheweigh

               Tel:        020 7138 3204

Tim Blythe

Megan Ray

Rachael Brooks

W H Ireland Limited Tel: 0161 819 8875

Katy Mitchell

Chris Viggor

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCEASFAAENPFFF

(END) Dow Jones Newswires

November 22, 2018 10:11 ET (15:11 GMT)

Billington (LSE:BILN)
Historical Stock Chart
From Apr 2024 to May 2024