Builders in robust shape
Robertson and Springfield see revenue surge
New Macallan distillery: a Robertson contract (pic: Terry Murden)
Building company Robertson expects a sharp rise in turnover for the year, echoing forecasts from Springfield Properties earlier this week.
Robertson says revenue will be more than 25% up on the previous year’s £565m when it reports figures to the end of March.
Springfield, which floated on the stock market last year, expects profit growth of 43% and revenue growth of 27% over the prior year.
Robertson said its financial performance follows a five year strategic plan which was put in place to deliver long-term sustainable profitable growth.
Group CEO, Derek Shewan confirmed that the surge in 2017 attributed to a number of high-profile construction projects and a strong order book in most of its businesses.
Among completed projects was Edrington Group’s £140million Macallan distillery and visitor experience in Speyside.
Robertson founder and executive chairman, Bill Robertson said: “We have worked hard at making sure the business has a strong market presence with a client and defined sector focus. This strategic approach has allowed us to play to many of our strengths, which has in turn supported our growth in larger projects since 2010.”
Robertson is also the main contractor on the £330m Aberdeen conference centre, the largest Robertson project in its 52-year history.
The company has 237 live infrastructure contracts including schools, universities, residential homes, leisure centres, roads, and bridges, retail outlets and warehousing spanning Scotland and North England.