Billington Holdings Plc (LON: BILN) has provided the following trading update for the year ending 31st December 2019.
The directors of the Company anticipate revenue for the financial year ending 31 December 2019 will be higher than the current market expectation of £78 million following the successful completion of a number of large projects in the year. Pleasingly, profits are also expected to be above the market forecast of £5.2 million and we envisage the level of cash generation to be similarly positive.
Mark Smith, CEO of Billington Holdings PLC, commented:
“We are pleased to be able to announce this increase in our expected outturn for the year. The current political and economic uncertainties will undoubtedly present challenges for the Company in 2020. However, the positive momentum, the Company’s strong market position and robust and consistent financial performance of the Company leaves it well placed to move forward into 2020 and beyond with confidence.”