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Contractor Nuttall posts record turnover

Contractor Edmund Nuttall has posted a record turnover of £594M for the year ending 31 December 2007, up 4% on 2006.

However, pre-tax profits fell slightly to £19.2M representing a margin of 3.2%. Pre-tax profit for 2006 was £19.5M, equating to a margin of 3.4%.

The firm's forward order book stood at £640M at the year end, with a further £200M of orders pending that were realised in the first two months of 2008.

The company said its strategic vision was to maintain a balanced portfolio of projects across a broad number of sectors within the civil engineering market. "We are also looking to develop new and exciting sectors such as waste and energy and capitalise on our in-house geotechnical, design, mechanical and electrical capability," it said.

Last year it strengthened its position in the energy from waste with two significant project awards from SITA at Billingham and West Sleekburn.

Marine engineering continues to be a major sector with contract awards at Great Yarmouth and the Humber Sea Terminal.

Frameworks continue to provide important long-term customer relationship programmes, with projects continuing with South West Water, Network Rail, Cheshire County Council, the Highways Agency, Defence Estates and National Grid.

Nuttall is an operating company of the Dutch based construction company Royal BAM Group, which reported for 2007 a consolidated net result of EUR349M and a turnover of EUR8.95bn. Increasingly the firm is working with other BAM Group companies.

The Btitned AC/DC Interconnector is a joint venture arrangement between Nuttall and BAM Civiel. The £50M construction of a new port in Great Yarmouth benefits from a joint venture arrangement between Nuttall and Van Oord.

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