UK player Centurion has seen its revenues grow amid a strong US market and “stability” in other international markets.

Revenues increased to $442 million compared to $323 million last year, Centurion said. Earnings before interest, tax, depreciation and amotisation also increased to $71 million compared to $34 million year-on-year.

As a result, Centurion’s net debt has been reduced to $161 million from $175 million last year.

The group operates through three business segments, namely accommodation & modular solutions (AMS), drilling, completions & production (DCP); and infrastructure (INF).

The company said it benefited last year from its “increased scale and reach, strong performance in the US, alongside an improving operational backdrop in Canada and stability in its other international markets”.

According to Centurion, rapid growth in US onshore activity, improved market conditions in Australia, offshore performance with Asia-Pacific, and the stable activity in UK’s continental shelf, supported its growth.

Looking ahead, the group plans to “selectively acquire” high quality businesses, broadening its product and service offerings, as well as its geographic footprint.

“Our strong performance in 2018 has been led by organic growth across our three business segments, supplemented by value enhancing bolt-on acquisitions that have added new capabilities and new customers into the group,” chief executive Fernando Assing said.

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Centurion boosts revenues