Contractor says plans in place to 鈥榤anage outcome鈥� of vote
Carillion says it has in place plans to combat the fallout from the UK鈥檚 decision to leave the EU.
In a trading update, the contracting giant, which backed 好色先生TV鈥檚 campaign to stay in the EU, said it was 鈥渢oo early to predict the extent to which businesses will be impacted by this result鈥�.
But it added: 鈥淐arillion has no significant operations in mainland Europe and prior to the referendum we undertook extensive work to assess the possible impact on our business of a vote to leave and we have put in place robust plans to manage this outcome.鈥�
Chief executive Richard Howson said it has first half orders and 鈥榩robable orders鈥� of 拢2.5bn including new support services contracts for Petroleum Development at 12 sites across Oman as well as a deal to look after homes for the Northern Ireland Housing Executive.
Carillion, which confirmed it was won the main construction contract on the first building at the Paradise Circus development in Birmingham after carrying out enabling works at the site, is due to announce its interim results on 24 August.
The firm said revenue in the first half would increase which would offset a reduction in underlying profit margin.
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