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06/06/2018
Willmott Dixon Reports 14% Rise In Profits
Willmott Dixon has reported a 14% rise in pre-tax profits in its financial results for the year to 31 December 2017.
With the Group having shifted its focus to construction and fit-out by demerging its Be Living and Fortem subsidiaries, the company revealed its remaining businesses made £35.5 million profit before tax & amortisation (2016; £31.1m), while turnover has risen to £1.30 billion (2016 £1.22bn).
Group Chief Executive, Rick Willmott, said: "Since Willmott Dixon demerged Be Living and Fortem at the beginning of 2017, we've made great progress in our strategy to focus solely on our primary capability of being a constructor of choice for our customers. This is especially the case as we can provide access to procurement routes and solutions tailored to meet their needs for value and efficiency.
"The move to focus on our core business of construction and fit-out is consistent with what I think will be a general trend towards de-layering and simplification of business models in the construction sector. We have chosen to clearly structure our business around core competency, working with customers to ensure we deliver not only great capital projects but also social value and community benefit working through the best supply chain partners.
"It gives us the shape and balance to continue being well placed to respond to inevitable future changes in how our industry operates."
(LM)
With the Group having shifted its focus to construction and fit-out by demerging its Be Living and Fortem subsidiaries, the company revealed its remaining businesses made £35.5 million profit before tax & amortisation (2016; £31.1m), while turnover has risen to £1.30 billion (2016 £1.22bn).
Group Chief Executive, Rick Willmott, said: "Since Willmott Dixon demerged Be Living and Fortem at the beginning of 2017, we've made great progress in our strategy to focus solely on our primary capability of being a constructor of choice for our customers. This is especially the case as we can provide access to procurement routes and solutions tailored to meet their needs for value and efficiency.
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"The move to focus on our core business of construction and fit-out is consistent with what I think will be a general trend towards de-layering and simplification of business models in the construction sector. We have chosen to clearly structure our business around core competency, working with customers to ensure we deliver not only great capital projects but also social value and community benefit working through the best supply chain partners.
"It gives us the shape and balance to continue being well placed to respond to inevitable future changes in how our industry operates."
(LM)
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