Firm to file this year鈥檚 results next March

Balfour Beatty has said revenue and profit will be up when it files its 2024 results next spring.

In a trading update this morning, the firm said income this year will be around 拢9.8bn, a 2% rise on last time, while after tax profit will be up on last year鈥檚 拢205m. Profit from operations would also be up on last year鈥檚 拢236m, it added

Balfour said its support services, UK construction and Hong Kong-based Gammon businesses had all helped drive numbers northwards.

balfour final

The firm said its order book now stands at more than 拢17bn

But it said the cost of delays on some US civils schemes had hit profitability at that business.

Average monthly net cash this year will be 拢750m, up from last year鈥檚 拢700m while its forward order book will be up by over 5% on last year鈥檚 拢16.5bn, taking it to more that 拢17bn.

The firm will announce its 2024 results on 12 March next year.

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