ISG the latest to see 2020 numbers wrecked by covid

By Dave Rogers2021-05-17T09:39:00

Firm says profit down 80% but forward order book at record level

ISG became the latest contractor to say its 2020 numbers have been shredded by covid with the firm reporting pre-tax profit down last year by close to 80%.

The firm behind the fit-outs of new headquarters buildings for US tech giants Facebook in King’s Cross and Apple at the Battersea power station redevelopment said profit slumped to £8.9m last year from 2019’s £44.2m. Revenue was down 23% to £2bn although its forward order book was up £100,000 to a record £1.5bn.

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