LOR INFOWORKS 2 - Flipbook - Page 16
INFOWORKS 2019 _ ISSUE 2
15
The Group returned to
profitable performance,
making a profit after
tax of £33.7m in its third
consecutive year
of improvement.
STEWART MCINTYRE
GROUP FINANCE DIRECTOR
The country’s sustainable
economic recovery and
the vital need to renew
our infrastructure requires
the driving force of
a modern and successful
construction sector.
SIR JOHN PARKER
CHAIRMAN
£132.9m
year-end net funds shows the
Group’s ability to generate cash
It should be clear
that Laing O’Rourke is
dedicated to navigating
the real challenges of the
present while progressing
fundamental change in
our company, and indeed
the industry as a whole.
RAY O’ROURKE
GROUP CHIEF EXECUTIVE
The Europe Hub businesses
(UK, Middle East, Canada) closed
the 2019 trading year with a
£76.1m
EBIT result
£7.6bn
order book at year-end
FY20 Updated Guidance - UK
As a private business, the Group
continues to provide regular
financial updates with its clients,
suppliers and stakeholders
UK businesses are
all performing to
plan and delivering
forecast margins
Half-year
(30 September 2019)
EBIT for the UK businesses
is forecast at
£39.6m
Gross margin of
7.6%
is being achieved
across the portfolio