Billington cuts profit forecast despite record orders

Steelwork specialist Billington has warned annual profit could come in at around half of market expectations after a problem industrial job and delays to a major bridge contract.
The group now expects underlying pre-tax profit of £4m–£5.5m for 2026, against analysts’ forecasts of £8.3m. Last year it delivered £4.1m.
The biggest squeeze comes from an industrial project in the north of England which has proved tougher to deliver than expected.Billington has reassessed the costs to complete