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Duxbury noted that the company reported a strong performance for the half-year ending
Revenue was up 21% from the previous year, with a 2.5% divisional operating margin, up from 2.3%, and a 33% increase in profit before tax, alongside a 50% rise in earnings per share, resulting in a 33% hike in the interim dividend to
Duxbury expressed confidence in the company's future performance, citing eased macroeconomic challenges and a strong order book that provides visibility beyond the election cycle. Growth has been consistent across its building and infrastructure divisions, with significant contract wins including a £3.2 billion affordable housing framework and the acquisition of engineering specialist AVRS, enhancing its water business capabilities.
Investors can expect an update on the company's strategy at a capital markets event in May, outlining plans for growth beyond 2026 through to 2030, based on a strong balance sheet and disciplined risk management. Duxbury highlighted the company's momentum, non-cyclical market sectors, robust order book, and committed team as key investment highlights, underscoring
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