Operating profit before other items was up 6.6 per cent to £51.6 million. Meanwhile, operating profit margin before other items remained at 5.3 per cent against the same period last year.
 
Profit before tax was £43.3 million, up 17.3 per cent from £36.9 million for the same period 2010.
 
The business remains in a strong position for the next year or more because of an exceptional order book, a MITIE spokesman told FM World. On the back of major long-term contract wins, the order book rose 17.6 per cent – £1.2 billion – to £8 billion.
 
Ruby McGregor-Smith, Chief Executive of MITIE Group PLC, said: “We have been awarded a number of significant contracts that have enhanced our business,” said Ruby McGregor-Smith, chief executive of Mitie.
 
“This demonstrates the success of our strategy to invest in our integrated facilities and energy management capability. Looking ahead, our focus is on developing existing client relationships and maximising opportunities to deliver value in energy services. This will ensure that all of our clients receive great value, high quality services, both in the UK and overseas.”
 
The total potential value of contracts awarded with the three public and two private sector clients is between £740 million and £1.3 billion.
 
In the private sector, Mitie expanded its relationships with drinks giant Diageo and the Cumbrian Collaboration. In September, MITIE announced a five-year deal with Cumbrian for a total value of £200 million and with a possible two-year contract extension covering more than 500 buildings. 
" /> Operating profit before other items was up 6.6 per cent to £51.6 million. Meanwhile, operating profit margin before other items remained at 5.3 per cent against the same period last year.
 
Profit before tax was £43.3 million, up 17.3 per cent from £36.9 million for the same period 2010.
 
The business remains in a strong position for the next year or more because of an exceptional order book, a MITIE spokesman told FM World. On the back of major long-term contract wins, the order book rose 17.6 per cent – £1.2 billion – to £8 billion.
 
Ruby McGregor-Smith, Chief Executive of MITIE Group PLC, said: “We have been awarded a number of significant contracts that have enhanced our business,” said Ruby McGregor-Smith, chief executive of Mitie.
 
“This demonstrates the success of our strategy to invest in our integrated facilities and energy management capability. Looking ahead, our focus is on developing existing client relationships and maximising opportunities to deliver value in energy services. This will ensure that all of our clients receive great value, high quality services, both in the UK and overseas.”
 
The total potential value of contracts awarded with the three public and two private sector clients is between £740 million and £1.3 billion.
 
In the private sector, Mitie expanded its relationships with drinks giant Diageo and the Cumbrian Collaboration. In September, MITIE announced a five-year deal with Cumbrian for a total value of £200 million and with a possible two-year contract extension covering more than 500 buildings. 
" />

FM World Reports Mitie’s revenue grows

Posted on 11 November 2011.

 

Operating profit before other items was up 6.6 per cent to £51.6 million. Meanwhile, operating profit margin before other items remained at 5.3 per cent against the same period last year.
 
Profit before tax was £43.3 million, up 17.3 per cent from £36.9 million for the same period 2010.
 
The business remains in a strong position for the next year or more because of an exceptional order book, a MITIE spokesman told FM World. On the back of major long-term contract wins, the order book rose 17.6 per cent – £1.2 billion – to £8 billion.
 
Ruby McGregor-Smith, Chief Executive of MITIE Group PLC, said: “We have been awarded a number of significant contracts that have enhanced our business,” said Ruby McGregor-Smith, chief executive of Mitie.
 
“This demonstrates the success of our strategy to invest in our integrated facilities and energy management capability. Looking ahead, our focus is on developing existing client relationships and maximising opportunities to deliver value in energy services. This will ensure that all of our clients receive great value, high quality services, both in the UK and overseas.”
 
The total potential value of contracts awarded with the three public and two private sector clients is between £740 million and £1.3 billion.
 
In the private sector, Mitie expanded its relationships with drinks giant Diageo and the Cumbrian Collaboration. In September, MITIE announced a five-year deal with Cumbrian for a total value of £200 million and with a possible two-year contract extension covering more than 500 buildings.