Carillion plc approved to declare a final dividend of 11.85 pence, in the annual general meeting held on May 1, 2013.

Carillion plc reaffirmed earnings guidance for the first half and full year 2013. As expected, revenue in the first half of 2013 is likely to be lower than in the corresponding period in 2012, primarily because the rescaling of UK construction activities resulted in the group having a lower revenue run-rate. Profit from Public Private Partnership projects is expected to be weighted towards the first half of the year, due to the timing of equity sales. The group's expectations for 2013 that were announced with 2012 results remain unchanged. The company continues to target cash-backed profit in 2013, after adjusting for the final phase of the working capital outflow arising from rescaling UK construction, in line with previous guidance. Therefore, with a strong order book and a substantial pipeline of contract opportunities, expectations for 2013 and medium-term targets for growth, remain unchanged.

Carillion plc's Board is recommending a final dividend of 11.85 pence per share versus 11.6 pence, making the total dividend for 2012 17.25 pence, an increase of 2% on the 16.9 pence paid in respect of 2011. The final dividend, subject to approval by the shareholders at the Annual General Meeting, will be paid on 14 June 2013 to shareholders on the register on 17 May 2013. The company reported consolidated earnings results for the year ended December 31, 2012. For the year, the company reported total revenue was £4.4 billion against £5.1 billion for the same period last year. Underlying profit from operations was £232.4 million against £227.4 million for the same period last year. Underlying profit before taxation was £214.7 million against £223.5 million for the same period last year. Profit before taxation was £179.5 million against £142.8 million for the same period last year. Underlying earnings per share were 43.0 pence against 45.7 pence for the same period last year. Basic earnings per share were 37.2 pence against 32.0 pence for the same period last year. Cash generated from operations was £97.9 million against £255.5 million for the same period last year. Net borrowing was £155.8 million against £50.7 million for the same period last year. Net cash used in operating activities were £25.6 million against net cash flows from operating activities of £103.2 million for the same period last year. Acquisition of intangible assets was £3.7 million against £2.8 million for the same period last year. Acquisition of property, plant and equipment was £14.6 million against £9.8 million for the same period last year. Total revenue, including Joint Ventures, reduced primarily due to the planned rescaling of UK construction business, which has been achieved by tightening the criteria to select the contracts for which the company bid, to ensure that the size of this business remains aligned with the shrinking UK construction market.  Furthermore, rescaling UK construction activities has supported margins and improved the overall risk profile and quality of business mix.  Revenue contributions from the Middle East and Canada were also lower in 2012 due to the timing of opportunities in those markets.