Balfour Beatty ‘on track’ to deliver pre-pandemic financial performance

Leo Quinn
Leo Quinn

BALFOUR Beatty has announced that the business is on track to deliver a financial performance this year in line with pre-pandemic levels.

In a trading update covering the period to 8 December 2021, the business said full year group revenue is expected to be around double the half year revenue, which stood at £4.2 billion.

Year-end order book is expected to be around £15.5 billion (2020: £16.4 billion).  

The Balfour Beatty board expects that the earnings-based businesses (construction services and support services) will deliver underlying profit from operations for 2021 in line with 2019’s £172 million figure.

Leo Quinn, Balfour Beatty group chief executive, said, “The group is on track to deliver a 2021 performance in line with pre-pandemic levels. Looking to 2022, the group has a high-quality order book.

“We are strongly positioned in three geographies where fiscal expansion, green infrastructure growth and, in the US, public private partnerships all play to our unique engineering capability.  We remain confident of capitalising on these factors to drive superior returns.”