Electrical specialist eyeing 3% figure

T Clarke

Electrical contractor T Clarke said that operating margins are on course to hit its 3% target.

In a trading update yesterday, the firm said underlying margins last year were 2.7%, up from 2017’s figure of 2.3%. Underlying operating profit was also on the rise, jumping 18% to £8.6m.

It said its forward order book was up 22% to £411m with work from the technology sector jumping 400% to £54m.

T Clarke will post its 2018 results on 26 March.