Balfour Beatty lifts earnings, revenue guidance
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Infrastructure builder Balfour Beatty said it expected annual profit to be ahead of expectations due to positive net interest income and lower tax charges.
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The company on Thursday said full year revenue was expected to be 5% ahead of 2021’s £8.3bn and lifted cash-flow guidance to £800m from £740-£780m.
Balfour’s year-end order book is expected to be around 5% ahead of the prior year’s £16.1bn, largely due to favourable foreign exchange movements, while full-year underlying operating profit from earnings-based businesses is expected to be in line with guidance at the half year.
Reporting by Frank Prenesti for Sharecast.com