Annual Report and Accounts 2003

Financial Highlights

Carillion met the objective the 2003 interim report to shareholders of delivering full year profit before tax, goodwill and exceptional items of not less than the £50.2 million achieved in 2002, despite the previously announced cost overrun on the Nottingham Express Transit project and substantial unavoidable increases in pensions and insurance costs. With its strong order book and focus on growing markets, the Group expects to deliver healthy earnings growth in 2004 and beyond. In addition, the Board’s current intention is to continue to return to shareholders a proportion of the sustainable new profit stream the Group will create from its programme of PPP equity sales.

	2003	2002
Turnover	£1,977.6m	£1,974.4m
Profit Before Tax *	£50.8m	£50.2m
Earnings per Share	16.8 pence	16.6 pence
Forward Order Book and framework contracts	£5.0bn	£5.0bn
Full year dividend per share	6.75 pence	4.8 pence
Operating Profit *
Investments	£8.6m	£7.8m
Business Services	£51.1m	£39.0m
Construction Services	£5.6m	£17.1m
* Before exceptional items and goodwill amortisation

Annual Report and Accounts 2003

Full Report — (1.8 MB) Indexed Report Preliminary Results You will need the Adobe Acrobat Reader to read this report. It is available free as a download from: http://www.adobe.co.uk/products/acrobat/readstep2.html