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Henry Boot ahead of revised forecasts

By BFN News | 07:17 AM | Wednesday 17 January, 2018

Henry Boot expects pre-tax profits and earnings per share for the year ended 31 Dec to be comfortably ahead of the board's previous revised expectations. The group said the final two months of 2017 saw a continuation of the trends seen earlier in the year, with strong trading activity experienced across all business segments. It said: 'Activity was buoyant both in deal completions for 2017 and in the progression of new opportunities for 2018 and beyond. 'In addition, construction work flow at the Aberdeen Exhibition Centre continued to plan throughout the last two months of the year and Stonebridge Homes, our JV house builder, completed sales of 38 homes, equating to 48% of its output for the year.' Chief executive John Sutcliffe said: '2017 was another very successful year for Henry Boot. 'We capitalised on strong demand for our residential schemes and delivered a number of projects more rapidly than anticipated, giving rise to increased profits in 2017. 'Furthermore, with the strong level of committed and contracted activity that we expect to deliver in 2018, we anticipate a trading performance for the current year slightly ahead of management expectations.' Story provided by

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