JSE-listed multinational engineering and contracting company Murray & Roberts is anticipating further growth in its already significant R61.1 billion group order book to drive both revenue and earnings over the next three years. Group CEO Henry Laas said on Thursday it “is a phenomenal order book” and stressed the crucial importance of an order book to an engineering and contracting company.
Energy projects Laas admitted the power, industrial and water platform’s order book of R0.5 billion “is very low” and it has struggled to build its order book to the point where it can contribute to group earnings. But Laas is “really optimistic we can now turn the corner in this business and that it will return to profitability in the next financial year” because of the investment that is now happening in the renewable energy space.
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Murray & Roberts reports strong earnings growthThe group is maintaining its order book value at record levels of about R60bn
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