Outlook for Rok solid

Property repair and maintenance firm Rok reiterated it expected trading for 2009 to be in line with its estimates as it continued to gain new customers.

The company said today its planned-maintenance services performed in line with its expectations with margins remaining healthy and its response-maintenance operations continue to perform well.

"Our focus on margins through improved operating efficiency has mitigated the impact of reduced insurance claims due to benign weather conditions in 2009," Rok said in a statement.

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The company said its secured and visible revenues for 2010 were 83 per cent of consensus forecasts.

Analysts on average expect 2009 revenue of 724,m according to Thomson Reuters I/B/E/S.

However, the company said it expected cutbacks in public sector capital spend to worsen the conditions in the new build regional contracting market.

Rok shares closed at 43.25p on Friday on the London Stock Exchange.

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