Construction profit warnings rise in 2018

By Hamish Champ2018-07-25T06:00:00

EY report finds that problem jobs had more impact than the ’Beast From The East’

Nearly a fifth of UK listed construction companies have issued profit warnings this year, according to new research from accountant EY.

In its latest Profit Warnings report, EY said that 17% of the sector has advised that numbers would be down.

Despite the apparent impact of the first quarter’s Beast From The East, the bad weather was only cited by one of the six firms who warned on profits in the first half of 2018, with four citing problem jobs and uncertainty hitting demand.

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