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Balfour Beatty (BBY)

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Crazbe7
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Balfour Beatty (BBY)

#244251

Postby Crazbe7 » August 14th, 2019, 2:02 pm

In a depressing environment for construction, Balfour Beatty's half year results are a welcome change. Headlines below:-

On track to deliver full year performance in line with market expectations

• Underlying profit from operations (PFO) increased 9% to £72 million (2018: £66 million)
• PFO from earnings-based businesses increased 29% to £63 million (2018: £49 million)
• Significant increase in average net cash at £290 million (2018: £161 million)
o Increasing full year average net cash guidance range by £50 million to £280 - £300 million
• Order book increased 5% to £13.2 billion (FY 2018: £12.6 billion), whilst maintaining Build to Last disciplines
• Sector leading balance sheet, underpinned by £1.2 billion Investments portfolio
• Interim dividend payment up 31% to 2.1 pence (2018: 1.6 pence)

Full results at https://www.balfourbeatty.com/media/318 ... -board.pdf

Crazbe7

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