Carillion set to meet all trading expectations

Carillion, the business and construction services group, has said today (Thursday) that it fully expects to meet all its targets for the year ended 31 December 2002.

In a statement in advance of its preliminary results announcement on 12 March 2003, the company admits that it believes there will be increasing opportunities to grow its business services and PPP investment activities alongside a broadly stable and well-balanced construction services business, which benefits from having strong market positions.

It continued that its recent appointment as preferred bidder for the Oxford Radcliffe Hospitals PPP project is an excellent example of such opportunities.

Worth around £600m for the group, including construction and facilities management, the project, which will be Carillion's sixth PPP hospital, is seen as a further significant step in the development of its healthcare business.