Shares of Billington Holdings Plc (BILN.L) were gaining around 16 percent in the morning trading on the London Stock Exchange after the company announced Friday that it has been awarded six new contracts with a combined value of around 90 million pounds.
The contract wins include a variety of sectors including power generation, manufacturing and retail logistics. They will be delivered nationally over the next 24 months.
The structural steel and construction safety solutions specialist said it has secured the largest single contract in its trading history. The company has achieved its largest order book to date, materially ahead of the previous record in first quarter of 2023.
Mark Smith, Chief Executive Officer of Billington, said, "The award of these significant contracts is great news for Billington. They are a testament to our Group offering in a challenging trading environment and demonstrates that Billington is a steelwork contractor of choice. The Group currently has a record orderbook and these contracts provide further confidence that Billington will continue to perform well in 2024 and into 2025, further underpinning current market expectations."
In London, Billington shares were trading at 462 pence, up 15.50%.
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