LONDON (ShareCast) - (ShareCast News) - Carillion said it was on track to meet full year targets with strong revenue growth expected to help produce operating profits in line with expectations.
The construction services firm also said it had won £1bn in new business across a range of projects, including the Kings Cross regeneration project in London.

Carillion said full year secured orders and probable orders were expected to remain strong at around £17bn, down from £18.6bn in 2014.

It added that total pipeline of contract opportunities has increased to more than £41bn.

"Operating cash flow remains strong and we continue to expect profit in 2015 to be fully cash-backed," Carillion said.

"Year-end net borrowing is also expected to be in line with previous guidance, with a potentially modest increase in net borrowing, compared with 31 December 2014, due largely to investments in business acquisitions and Public Private Partnership projects."

"Although trading conditions in some of our markets are still recovering, we continue to see signs of improvement, especially in the UK. The group's order book and pipeline of contract opportunities both remain strong, as does operating cash flow, which continues to enable the group to invest to support our strategy for growth. "

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