. . .

TOTAL TURNOVER: €1.396BN

ROI TURNOVER: €728M

INTERNATIONAL TURNOVER: €668M

YEAR END: 31/12/2019

ADDRESS: Wilton Works, Naas Road, Dublin 22.

PHONE: 01 409 1500

WEB: www.johnsiskandson.com

KEY EXECUTIVES: Stephen Bowcott, CEO; Ger Penny, Chief Financial Officer; Donal McCarthy, COO, Ireland and Europe; Paul Brown, COO, UK Construction and Civil Engineering; Mark McGreevy, COO, Construction Services and Group Commercial

Director; Sean Fitzpatrick, Director, HR; Maura Toles, Company Secretary and Chief Legal Officer; Wayne Metcalfe, Director, Health, Safety, Sustainability & Quality.

KEY ACTIVITIES: General Building, Civil Engineering, Fit-Outs, Facilities Management; Offsite Construction.

 

John Sisk & Son’s revenue of just under €1.4bn sees it top this year’s ‘Construction CIF Top 50 Contractors’. In 2019, Irish operations accounted for €728m of turnover, with the UK and Europe accounting for €668m. Sisk has a consistent record of excellence in project delivery, innovation and value creation across different construction sectors and markets, including commercial, residential, civil engineering, data centre and life sciences, and celebrated 160 years in business in 2019.

CEO Steve Bowcott says, “We are proud of the important role we play supporting key Irish Government policy objectives in the provision of social housing, schools and other public infrastructure. During the year, Sisk Living – the group’s social housing unit – commenced the building, with its partners, of 590 residential units as part of the Social Housing

Bundle 1 PPP project.”

HEALTH & SAFETY

Mental health continues to be top of the agenda in terms of wellness of its staff, with Sisk achieving the Ibec The KeepWell Mark™ in 2020, the culmination of three years’ hard work. The KeepWell Mark is a national accreditation, developed by Ibec, that recognises organisations that put the wellbeing of employees at the forefront of company policy.

PROJECTS

One Wilton Park

VIDEO

IRISH OPERATIONS

2019 was notable for a number of landmark projects. In Ireland, Center Parcs in Longford Forest was officially opened following a rapid build process to construct 446 lodges and 30 apartments, as well as restaurants, administration buildings and a sub-tropical paradise swimming pool and spa.

Sisk also completed the new spectator stand entrance and associated bars and restaurant facilities as part of the

redevelopment of the Curragh Racecourse.

Excellent progress continues to be made on the construction of the new TU Dublin Campus at Grangegorman, topping out both the east and central quads. As part of Sisk’s partnership commitment, it launched a multi-year sponsorship of the TU Dublin Elite sports programme in February of this year.

Elsewhere, construction of a major bio-production facility for Johnson & Johnson at Ringaskiddy in Cork Harbour is nearing completion.

In Dublin, work is continuing to progress on the delivery of the Fibonacci Square office development in Ballsbridge, the redevelopment of a prominent commercial site on Nassau Street in Dublin city centre, and Wilton Park, an office development over nine floors adjacent to the Grand Canal.

2019 also saw the major revamp of Pearse Station in Dublin take shape, and that flagship project for the Sisk’s civil engineering team was completed in 2020. Among ongoing active projects in Ireland is the enabling works at the Dunkettle Interchange project in Co Cork.

UK OPERATIONS

In the UK, the iconic International Convention Centre at Celtic Manor, Newport, Wales, was completed and opened for business. In London, key milestones were reached on two residential projects for Quintain at Wembley Park – Sisk has been working with Quintain for 15 years. Sisk also completed the handover of the Boeing Goldcare Hangar at Gatwick Airport.

In Manchester, then Taoiseach, Leo Varadkar visited Sisk’s major city centre project, Circle Square, and the topping out of the first two commercial buildings has now been completed.

New projects for the year also included a mixed development for Rockwell at Canary Wharf, the new Isle of Man Ferry Terminal Building in Liverpool, civils work at York Central and a tram extension project in Blackpool.

During 2019, Sisk commenced a number of landmark projects in the UK, including the Mercian Project, which at 42 stories, is the tallest residential tower in Birmingham, for Moda.

EUROPEAN OPERATIONS

Sisk’s European business has continued to expand, primarily in the specialist sectors of data centres and life sciences, where it has extensive experience.

During the year, the group worked on data centre and life sciences projects in Belgium, the Netherlands, Switzerland, and Denmark, and is currently working on two large-scale data centres in Sweden. Sisk also continued to work with Primark in a number of locations in Europe.

NEW INITIATIVES

In 2019, Sisk and Designer Group launched a new joint venture – Sensori FM – delivering fully integrated facility management services to an extensive customer base.

Sisk also acquired the Vision Built group of companies based in Galway. Vision Built is an off-site manufacturer of light gauge steel panels for the residential, commercial, hotel, and educational sectors.

OUTLOOK

2020 will see Sisk’s specialist homebuilding division, Sisk Living, build 630 homes across nine projects.

The fifth-generation family business is also part of a consortium with Macquarie and Choice Housing to deliver PPP Bundle 1. This is a €120m project to deliver 1,500 social housing units in total.

Sisk has a strong order book of secured work for both 2020 and 2021. The company estimates that the chief financial impact of Covid-19 will be to defer some revenues from 2020 into 2021 due to the temporary closure and/or the slowdown of live construction projects, particularly in the Irish market. The group has a robust capital structure, with high levels of un-committed cash and no bank debt. As a result, the board believes that the group is currently well-positioned to deal with challenges Covid-19 might impose on its activities.