Billington rises as wins contracts worth PS50 million, backs outlook
Billington Holdings PLC on Wednesday hailed new contract wins worth £50 million and guided full-year earnings in line with market consensus.
In response, the structural steel fabricator’s shares rose 2.9% to 360.00 pence around noon on Wednesday morning in London, having reached a high of 379.00p earlier in the day.
The contracts span projects across ‘ a variety of sectors’, Billington noted.
Scheduled in 2026 is a steel bridge, a hybrid timber/steel scheme for the UK’s National Railway Museum, a contract for a high school in Wales, and creation of a silicon chip manufacturing facility for a new client in Bristol.
From this year into 2027, Billington will work on a London data centre project for an existing customer and a carbon capture facility in northern England for a new customer.
‘The group is also seeing significant further opportunities, particularly in the energy-from-waste and the wider low-carbon power sector, as well as potential further data centre contracts, for delivery later in 2026 and 2027,’ Billington added.
The firm’s 2025 results are due on April 21, and are forecast ‘in line with market expectations’.
Back in September, Billington booked a 64% decline in pretax profit for the first half ended June 30 to £1.7 million from £4.6 million. At the time, it guided full-year earnings ‘below market expectations due to client-led contract delays and the associated timing of profit.’
The interim report was followed by Billington’s November announcement that it planned to close its Yate site in Bristol following a review of its structural steel business.
Chief Executive Mark Smith on Wednesday noted that ‘resources have now been transferred to our Barnsley facilities following the closure of our Yate factory and we continue to increase capacity at these facilities to support future growth.’
Smith continued: ‘The current orderbook underpins our confidence in delivering FY26 in line with market expectations. Whilst we remain mindful of the broader global geopolitical backdrop, it is encouraging to see an improving volume of work being secured in a market where margin pressure remains.
The CEO stressed that his company ’is very well positioned for the future‘.
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