Construction and services group Alfred McAlpine today said it had won £100m of work as it reported a 10% rise in underlying profits to £14.9m.
The company said it had secured a £48.7m deal from the Welsh Assembly to upgrade the A494 in north east Wales.
It has also been named as a key service provider to Babcock DynCorp, which has been chosen as the preferred bidder for a Ministry of Defence contract.
McAlpine, which is part of the Arden Partnership, said the consortium had also become preferred bidder for a contract to build health facilities for three NHS trusts across the East Midlands.
The group said it had seen good growth in its facilities management operation, called business services, and capital projects, which provides building and civil engineering services to local and national government, developers and health, education and leisure providers.
It said it had further increased its order book to £3.3bn and that 70% of its activities were now on long term contracts providing good visibility of earnings.
Around two-thirds of its business comes from facilities management and in maintenance after McAlpine ended seven decades as a pure construction group with the sale of its housebuilding operation to Wimpey in 2001.
Chief executive Ian Grice described the results as solid and said they highlighted the ongoing opportunities offered by major infrastructure investment and the continuing outsourcing trend.
“Business services and capital projects have maintained their momentum and have delivered good growth,” he said.
“We are encouraged by the progress being made within infrastructure services and by the signs that market conditions in the utilities sector are slowly returning to more normal levels.
“The key strengths of our group and these encouraging market conditions give us confidence that we are on track to deliver our targeted growth for the full year and that we can produce sustained growth over the longer term.”
References: EGi News 04/08/05
