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TClarke PLC shares surge as orders grow

TClarke PLC shares (LON: CTO) surged almost 13% on Thursday as the group released its latest trading statement.

The group said in a statement that trading has been resilient and that trading continues in line with expectations for the full year ending 31 December 2020.

TClarke PLC anticipates turnover for 2020 to be circa £240m. Over the second half of the year, the group has won new projects from clients and the forward order book has increased by 17% to £422m.

Mark Lawrence, the group’s chief executive said: “TClarke has once again demonstrated the direct benefits of our excellent reputation within our industry that has helped drive our clients’ continued confidence to work with us and award the Group significant new projects.

“Looking to the future, we have a well-balanced approach to winning work with projects from a range of sectors and I am delighted that we have been so successful in the Healthcare and Technology sectors in particular.

“The UK Government recently announced a long-term commitment to developing further green initiatives covering clean energy, transport, nature and innovative technologies, that will help the UK to forge ahead with eradicating its contribution to climate change by 2050. TClarke is well positioned to benefit from these initiatives and is already working on a wide range of exciting projects that support these moves.”

TClarke PLC shares (LON: CTO) are trading +12.88% at 99,00 (1310GMT).

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