Robertson hails year of ‘positive progress’ as financial results released

Elliot Robertson

ROBERTSON Group has reported a £588 million turnover for the year ending 30 June 2021 and a pre-tax profit of £16. 9 million.

Turnover in 2020 was £650 million, albeit that covered a 15-month reporting period. Pre-tax profit in 2020 was £1.2 million, again over 15 months.

Cash at year end was £155 million, up from £116 million.

Robertson Construction Group delivered a turnover of £462 million, while Robertson Facilities Management (RFM) experienced 24% growth in turnover to £94 million. 

Project highlights included completion of an £87 million scheme for Boeing to provide new hanger facilities at RAF Lossiemouth to house the new fleet of Poseidon aircraft and the £53 million community campus at Inverurie.

Elliot Robertson, CEO of Robertson Group, said, “The group has illustrated its strength in the marketplace and the resilience of its teams to deliver a strong set of results and quality of earnings in what continues to be challenging times for both our industry and the wider economy. Having taken the decision last year to extend our reporting period by three months we have been able to provision for the challenges imposed by Covid-19 and position ourselves well for recovery.

“The group offers delivery of excellent quality products and services, with strong operational performance, which in our competitive marketplaces is one of our key differentiators. Our focus as we move forward will be on delivering on our group strategic objectives which are centred around meeting the needs of our customer, developing our people and moving towards higher levels of sustainability, responsible business and continuous improvement in all that we do, whilst retaining strong governance and risk management.

“We are challenged by the current climate of price inflation and material and labour availability however through our strong supply chain partnerships and our ongoing commitment to developing our talented people, together with rewards, and retention strategies, we are resolute in our confidence that the year ahead will have positive outcomes for the business.”

Looking ahead, Robertson said the business was prepared for the challenges presented by the changing economic climate.

“Following a year of positive progress, trading with a solid balance sheet and capital base, we have every confidence that we will continue to operate as forecast,” Elliot Robertson stated. “Ultimately our performance comes down to our teams across the UK, who remain a key focus. Our employees have been exemplary during the period and as we continued to adapt to an ever-changing environment their health, safety, and wellbeing, alongside that our customers, supply chain and the general public remains our number one priority.”