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Sweett Group announces order book over £100M

Consultant Sweett group has today announced an order book of over £100M for the first timedespite issuing a profit warning last year.

Sweett’s order book reached £102M, an increase of £10M since November 2012.

The consultant last year issued a profit warning after delays completing private finance initiative (PFI) transactions, causing the group to announce that profits would likely by “commensurately lower than market expectations”.

“We are delighted to report an increase in our contracted order book, which has been achieved in each of our operating regions,” said Sweett chief executive officer Dean Webster.

“The order book comprises 33% from the Group’s traditional UK markets and 67% from overseas, reflecting both out geographic and sector diversification.”

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