The firm confirmed in a trading statement today that its more selective approach to UK construction contracts is paying dividends.
Carillion is basing its construction business around long-term deals for support services customers and PPP projects.
The firm said: “We continue to expect this re-scaling to reduce UK revenue from £1.8bn in 2009 to around £1.2bn by the end of 2012.
“This further tightening of our selective approach to UK construction is helping us to improve operating margins, as we avoid bidding for low margin work in a market that is becoming increasingly competitive as the UK Government progressively implements substantial cuts in capital spending on construction over the next four years.”