Balfour Beatty sees FY slightly ahead of forecasts; strong order book
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Construction group Balfour Beatty said it expected full year profit from operations to be slightly ahead of expectations after additional infrastructure investment disposals in the second half.
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The company on Thursday said profits would be “broadly” in line with 2018's £205m with revenue forecast to be around 5% higher than the prior year figure of £7.8bn.
Balfour’s order book at the end of the financial year would be well above £14bn, the company said in a trading update, up from £12.6bn last year.
This did not include work on the HS2 high speed rail project, which had not been approved by the UK government and was subject to a review.
Average monthly net cash was now forecast to be around £310m, ahead of previous £280m - £300m guidance.