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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mcalpine (A) | LSE:MCA | London | Ordinary Share | GB0005645394 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 547.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9843T McAlpine (Alfred) PLC 08 January 2004 Alfred McAlpine plc - Trading Update Alfred McAlpine plc (McAlpine) today announces that its overall financial performance for the year ended 31 December 2003 is in line with market expectations. Over the last three years McAlpine has re-shaped its business, exiting house-building in 2001 and building a strong presence in support services through a series of acquisitions. Since January 2003 the company has operated through three principal business streams, Business Services, Capital Projects and Infrastructure Services. Chief Executive Ian Grice said: 'We now have a strong, blended business, with around two thirds of revenue and profits coming from support services and one third from our construction services activities. Our acquisitions are all delivering in line with expectations, our new-structure is now fully implemented, and a number of major contract wins in the second half of the year further strengthened our base of visible, long-term earnings. 'Looking ahead, our primary focus remains on delivering strong organic growth whilst maintaining current margins across all activities. The Board continues to believe that delivery of our operational performance objectives combined with bolt-on acquisitions and our ongoing share-buyback programme is a strong platform from which to maximise shareholder value.' McAlpine will make its preliminary announcement of 2003 results on March 11th 2004. Notes to Editors * McAlpine is now a service business focused on the built environment. It employs nearly 8000 people and operates through three principal business streams: * Business Services - which focuses on facilities and asset management, information systems, and workplace advisory services. * Capital Projects - which focuses on construction and civil engineering services. * Infrastructure Services - which focuses on utilities and highways maintenance and renewal. * Each business stream accounts for approximately one third of the company's sales (#768m in 2002). * McAlpine has restructured its business over the last two years, moving out of house-building (it sold its homes business to Wimpey in 2001) and making seven acquisitions to establish its Infrastructure Services and Business Services operations. Date: 8 January 2004 For further information contact: Alfred McAlpine PLC www.mcalpineplc.com Ian Grice, Chief Executive 020 7930 6255 Dominic Lavelle, Finance Director Bill Loch, Communications Director City Profile Simon Courtenay 020 7448 3244 This information is provided by RNS The company news service from the London Stock Exchange END TSTKDLFBZFBXBBV
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