TClarke Expects 2021 Revenue to Be Ahead of Market Views; Shares Rise

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By Sabela Ojea

Shares in TClarke PLC rose on Thursday after the company said that it has continued to perform in line with expectations for the full year, and it expects revenue for 2021 to be ahead of market expectations of 410 million pounds ($546.4 million).

The building-services group said volumes have accelerated during the second half, as it implements its plan to achieve revenue of GBP500 million a year by the end of 2023.

The London-listed company also said it hasn’t suffered any material shortages that could affect its ability to meet its targets. One-third of revenue is anticipated to come from Technologies in 2022, up from under 15% in 2020, TClarke said.

Shares at 0831 GMT were up 15.00 pence, or 9.4%, at 174.00 pence.

Write to Sabela Ojea at; @sabelaojeaguix