Engineering services group increases revenue by 6%

Christopher Kehoe

ENGINEERING services specialist, Edwin James Group, has reported ‘strong’ financial results for the year ending February 2022.

Despite the continued disruption of the pandemic, the company is reporting a 6% increase in revenue to £144 million and a 2% improvement in EBITDA margin.

The group added that it maintains a ‘strong’ cash position and ‘significant’ growth in the forward order book from £155 million to £545 million.

Edwin James Group said a ‘clear strategy’ to build a national engineering services group that harnesses the synergies of the three operating brands is delivering growth and has helped the business to maintain ‘consistency of earnings in uncertain times’.

The business added that it is focused on the growing electrotechnical market that sits at the heart of the sustainability, digital and energy transition.

Christopher Kehoe, CEO of Edwin James Group, said, “This set of results marks another strong year for the group. We are now seeing the benefits of our strategy to harness the synergies of our brands, Parker Technical Services, Peak Technology Solutions and Musk Process Services and to target resilient client sectors.

“Our positive balance sheet and strong order book will enable us to capitalise on opportunities as they arise and focus on growing our presence in energy and digital transition. The current financial year is progressing well, and we continue to develop our direct client relationships. The investments we’ve made, and continue to make, in people, training and technology mean that the group is well positioned for 2022 and beyond.”