ISG announces strong 2019 financial performance
ISG, one of the UK’s largest privately-owned companies, delivered its best-ever financial performance in 2019, as the global construction specialist generated £2.6bn in revenue. During this period, ISG’s focus on being the best employer in the sector, resulted in a coveted top 25 position as a Sunday Times ‘best big company to work for’.
- £2.6bn revenue (£2.2bn 2018)
- £117.2m net cash (£38.5m 2018)
- £52m underlying profit before tax (£38.5m 2018)
- £1.4bn forward order book (£1.4bn 2018)
Key highlights included a 100 percent success rate securing every single public sector framework targeted during the period – more than tripling ISG’s revenue from the public sector in three years. In 2019 the company also completed its largest ever fit out project for a global financial services client in London, delivered £605 million of datacentre schemes across the world, and constructed Germany’s largest ever steel frame structure – a £90 million e-commerce distribution hub.
Value creation remains central to ISG’s overarching strategy, building a positive legacy from its strong financial performance. In 2019, the business created more than £3.5bn of social value from its UK projects alone, delivered 4,631 apprentice training weeks, surpassed £500K of charitable giving and provided curriculum enhancement support for 8,633 students.
Paul Cossell, CEO of ISG, commented: “Set against the backdrop of the Covid-19 pandemic, I’m acutely aware that our record financial performance in 2019 must be contextualised within the unprecedented global economic crisis that we now face in 2020.
“Our industry faces significant productivity challenges this financial year, with logistical constraints, material sourcing issues and reduced working capacity, as well as the spectre of increasing numbers of new project starts being deferred in some sectors. However, I’m confident that ISG’s expertise delivering across critical UK public sector frameworks and in global sectors that continue to record the greatest demand, including datacentres, distribution hubs, advanced manufacturing and R&D facilities, will see us emerge strongly in the post-pandemic period.”