Thursday, November 5, 2009

Good weather rains on Rok's parade

Better weather in 2009 has curtailed revenue growth in Rok's responsive maintenance division, the company has revealed as part of its interim management statement.

The company said that overall it is trading in line with its projections and full year results are in line with its expectations.

It added that it has secured 48 new framework appointments for the year, totalling over ВЈ700m.

Rok's total forward revenue visibility under secured orders and long-term framework agreements now stands at ВЈ2.1bn, level with the previous year. Secured and visible revenues for 2010 are now some 80% of our forecast revenues.  The future framework pipeline is also strong at ВЈ1.6bn.

The company said that its planned maintenance division, which also performed "to plan" and that its focus on maintaining margins in a more competitive environment was proving successful.

The new build market has been affected by a number of Rok's customers' inability to start projects, although the firm said it was continuing to win a number of new build frameworks and has been shortlisted on three major housing PFI projects.

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