Total combined contractor sales have risen from £26.23bn to £29.62bn - but total net profit has more than halved, from £1.5bn to £602M. That is according to the new The Leaders 2015 Index, the only indicator and fascinating insight into how contractors in the water sector are faring based on their financial performance between 2009 and 2013. The index also reveals that return on capital has fallen steadily from 41% to just 13%. That is still a good return. The biggest surprise highlighted by the index is the rise in net assets, indicating that perhaps contractors have been investing for future growth, rather than take the profits. Of course, with the high return on capital, they could afford that investment.
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