Piling specialist Aarsleff restores profit margins

Aaron Morby 10 months ago
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Piling specialist Aarsleff Ground Engineering has returned to full profitability after exiting loss-making ground beam installation four years ago.

The business is back to full growth mode raising revenue a third to £79m in the year to September 2023, generating pre-tax profit of £7.6m, up from £3.9m in the prior year

Managing director Kevin Hague said: “During 2023 the UK group continued to further strengthen, optimise and improve all departments while increasing revenues through organic growth and working closely with key clients.

“The UK group dilutes the concentration risk profile on end markets so there is not a high reliance on any particular sector while also looking to offer “turnkey” solutions through combining the group disciplines.”

In the latest results statement, he said Aarsleff had continued to expand the plant and fabrication facility. increasing the portfolio offering to external clients.

Although we are seeing a contraction in the construction sector for the coming year we have a strong future order book and work closely with the value chain to provide a cost-effective solution to enable projects to progress.”

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