Speaking to shareholders at United's annual general meeting in Sydney, managing director Richard Leupen said the company's revenue sources were yet to be affected by the turmoil in the global financial sector.
"While we remain vigilant about the potential for a slowdown in the global economy to lead to a reduction in spending on infrastructure and resources projects and a slowdown in trading generally, we are yet to see any direct impact," Leupen said.
United posted profit growth of 41 per cent for 2007/08, and has forecast double-digit growth for this financial year.
"The United Group is in good shape as we progress through the 2009 financial year," Leupen said.
The group operates businesses in the infrastructure, rail, resources and property sectors.
"The bulk of our revenue for this financial year is locked in and an even greater proportion is coming from lower-risk, recurring, alliance-style projects," Leupen said.
About 70 per cent of the $7.4 billion on United's order book immune to capital expenditure cycles, he said, while five per cent comes from fixed-price construction projects.
The main trends driving United's earnings - corporate outsourcing, spending on public infrastructure and growth in the local resources sector - remain relevant in the current economic climate, Leupen said.
He also assured shareholders United's exposure to the financial crisis was limited.
"It has steady cash-flow, borrowing levels well below its banking covenants and an average debt maturity profile of more than six years," Leupen said.
"We have no drawn facilities requiring renewal until 2010."
