Carillion hails £1.7bn of contract wins

Infrastructure group Carillion today told investors it has picked up new business wins totalling £1.7 billion since the end of June.

Shotts railway station in North Lanarkshire. Picture: Ian Rutherford

Among the contracts is work on the electrification of the Shotts railway line, which runs between Glasgow and Edinburgh, as part of a package of deals with Network Railway worth more than £400 million in revenues to Carillion.

Chief executive Richard Howson said: “As we expected, the pace of work winning in the second half of the year has started to pick up.

“Since the half year, we have secured contracts, preferred bidder positions and framework agreements that are expected to be worth around £1.7bn. With cash flow remaining healthy and these recent contract successes, we remain confident of achieving this year’s targets, including ending the year with strong revenue visibility for 2016.”