TClarke PLC AGM Statement (9858K)
11 Mai 2022 - 8:00AM
UK Regulatory
TIDMCTO
RNS Number : 9858K
TClarke PLC
11 May 2022
TClarke plc
AGM AND TRADING UPDATE
DATA CENTRES FUEL GROWTH IN REVENUES
Ahead of the Annual General Meeting, being held today at 10.00am
at 200 Aldersgate, London EC1A 4HD, TClarke plc ("TClarke" or the
"Group"), the Building Services Group, issues a Trading Update
covering the period from 1 January 2022 to date.
The Group is pleased to report that trading in the early months
of the 2022 nancial year has continued to be strong and the Group
is very well placed to deliver year two of its three-year plan to
achieve annual revenues of GBP500m. The Board remains very con dent
that revenues and pro ts for the year will be in line with market
expectations.
For the year ending 31 December 2022, market expectations are
forecast to be revenues of GBP410 million; EBITDA of GBP13.9
million; operating pro t (EBIT) of GBP12 million and earnings per
share (EPS) of 21p.
The Group is pleased with the continuing high quality of its
forward order book, which as at 30 April 2022 is at a record high
of GBP585 million (2021: GBP472 million).
The Group is maintaining historically high levels of orders
across our core markets, with a strong pipeline of further
potential opportunities across all of our target market sectors. As
always, we focus on projects and schemes where clients have
indicated that they are committed to proceeding.
The growth in order book is being fuelled most materially by
data centres which are expected to account for one third of the
Group's business by year end. The data centre market continues to
be extremely buoyant and we expect the significant growth in this
market to continue in the medium term.
Overall, the outlook for TClarke continues to be very positive
and we look forward to reporting in due course on progress made
during the remainder of the year.
The Group confirms that it will publish its Half Year results
for the six months ending 30 June 2022 on 14 July 2022.
- ends-
11 May 2022
For further information contact:
TClarke plc
Mark Lawrence
Group Chief Executive
Trevor Mitchell
Finance Director
Tel: 020 7997 7400
www.tclarke.co.uk
Cenkos Securities plc (Corporate Broker)
Ben Jeynes (Corporate Finance)
Alex Pollen (Sales)
Tel: 020 7397 8900
www.cenkos.com
RMS Partners
Simon Courtenay
Tel: 020 3735 6551
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END
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