Group says growth in acquired firm's markets will contribute to increased earnings in 2007
Carillion has confirmed that the integration of Mowlem will generate 拢26m of cost savings for 2007.
In a half-year trading statement the support services and construction company said that its markets remained positive and that it expected to deliver 鈥榤aterially enhanced earnings鈥� in 2007.
It said that its strong order book of about 拢16bn and opportunities for long-term growth would see the company make further progress in the second half of the year.
The group said it was on course to reduce net debt below 拢100m by the year end. Average first-half debt was 拢165m.
Shares increased 5.75p this morning to 418p.
