Leaders 2013 | 25 Enterprise adds to Amey
ENTERPRISE PLC Lancaster House Centurion Way Leyland Leyland PR26 6TX
T: 01772 819000 W:
www.enterprise.plc.co.uk
we look to the future with confidence”. The group’s strategic vision has been to deliver long-term profitability by becoming the operator of choice for customers.
In Utilities & Defence we are focused on water, power and gas having a strong market share in our chosen segments supplying repair and maintenance, renewal, upgrade and operational asset management.
ENTERPRISE PLC has been snapped up by Amey’s parent group Ferrovial for £385M, creating an enlarged group with a £2.3B turnover and 21,000 employees. The acquisition of
Enterprise will enable Amey to respond to the demands of the industry, offering long-term value to customers through enhanced capabilities and a broader provision of services. Enterprise is now being integrated into Amey to create a diverse business with revenues of more than £2.3B; and a combined order book of £8.2B. Its two largest sectors will be UK utilities, with a 22% share, as well as roads and rail, where its share is 39%. With customers including Severn Trent Water and United Utilities, Enterprise’s activities cover water, power, gas and defence, as well as government services. The water business accounts for £224M of its turnover. Prior to the takeover by Spanish group Ferrovial, Enterprise said it was “winning new contracts, our order book and pipeline are robust, we have a strong management team and
THE NUMBERS Sales £M
Gross profit £M 09
846.2 n/a
Operating profit £M 46.0 Pre-tax profit £M Staff
Net assets £M THE RATIOS
Return on capital % 27.9 Gross margin %
n/a
Operating margin % 5.4 Net margin %
-2.8 Sales/employee £K 99.4
-23.9 8,515 -85.8 09
Enterprise has incorporated Byzak into the business following its acquisition of the company in October 2011. Enterprise says Byzak has expanded its client base and increased its capability to cover a range of multidisciplinary design, engineering and construction projects.
For the first half of 2012, Enterprise said revenue was 8% higher at £616.3M compared with the same period in 2011. Operating profit increased by more than 12% to £29.9M
Its order book was “a healthy £2.8B”, excluding contract extensions and the pipeline of opportunities is in of excess of £12B.
Business highlights during the half-year included the acqusition of Severn Trent Water Metering Services, which carries out meter installations for domestic and commercial customers; meter maintenance; and battery exchange for electronic meters.
The addition of this business built on Enterprise’s existing capabilities in the electricity, gas and smart meter markets.
10
881.0 n/a
90.9
-143.2 9,377 -218.6 10
65.5 n/a
10.3 -16.3 94.0
11 %change
926.2 5 n/a 2.6
-61.2
9,924.0 6 -258.2 11
23.7 n/a 0.3 -6.6
93.3 n/a
-100 -57
-18.1
%change -64 n/a -97 59 -1
A supplement to WET News and WWT
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