Robertson Group pretax profits jump by 21%

Robertson Group pretax profits jump by 21%

Elliot Robertson

Robertson Group, a family-owned construction, development and support services business, has reported a revenue of £616 million for the 12 months to 30 June 2022, up from £588m in the previous year.

The company’s profit before tax was £20.5m, up 21.3% from the previous year’s £16.9m. Robertson Group also reported that it maintained its climate positive status without increasing offsetting and further reduced its carbon intensity by 24.1%, bringing the total reduction to 67.7% since 2015.

Elliot Robertson, CEO of Robertson Group, said: “The group continues to deliver improvement in line with our long-term strategy. We are pleased with a strong set of results in a challenging market, delivering quality of earnings, which builds on the progress made last year and reflects the diversity of our offering and strength in the marketplace.

“We operate in a highly competitive marketplace where quality product and services delivered on time and to budget are imperative and one of our key differentiators.

“The current social and economic climate continues to be challenging for the sectors we operate in due to labour availability, and unprecedented levels of inflation across materials and energy. However, our strong relationships with our customers and supplier base, enables us to collaborate with our stakeholders to deliver the best outcomes for all concerned.

Mr Robertson continued: “Our family of businesses comprises a diverse portfolio of infrastructure-based product and service solutions, producing a mix of long and short-term cash flows, profits and investments creating value and opportunity from the broad offering we give to our markets.

“Our outlook is healthy, and going forward we will continue to provide the best solutions to meet the needs of our customers, while focussing on our people, supply chain, innovation, sustainability and productivity.”

Throughout the year, the Group operated across over 200 construction sites, developments and 5,852 facilities management locations throughout Scotland and England.

Robertson Construction Group operates a regional construction business model providing a sustainable base for the group, and which, if required, has the ability to be expanded geographically in an organic manner. Comprising 8 regional businesses, Civil Engineering and a Major Projects division, Robertson Construction Group has a stable repeat customer base and, in the year, delivered robust trading and revenue of £460m.

Robertson Facilities Management (RFM) is a core part of the group’s growth and value strategy, providing employment for over 1,500 people. RFM contributed revenue of £118M through the delivery of bespoke solutions across the UK, in healthcare, education, local authority and commercial facilities for public sector and private customers.

Urban Union was formerly a 50/50 JV which is now wholly owned by Robertson Group has now been fully integrated into the group’s governance structure.

Mr Robertson added: “We anticipate that in the coming year as we continue to face the challenges of the economic climate that project start delays caused by inflation may influence our next year’s results.

“However, we have been in operation for 57 years, facing numerous economic challenges along the way and we have confidence in our direction of travel as we continue to make positive growth and contribute to the UK economy. Our solid balance sheet and capital base, reinforces our confidence that we will perform in the line with our forecasts.

“Our teams across the UK are the heartbeat of our family of businesses and our number one priority is to ensure that they return home safe every day. In addition to protecting our people, our supply chain and the people, who come into contact with our operations, we also want to help protect our planet.

“We are proud of our Climate Positive Status and by following our 2030 Responsible Business Strategy we have successfully reduced our carbon intensity by 67.7% over the last seven years, and will continue to seek new ways to increase our energy efficiency whilst decreasing our carbon footprint.”

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