Balfour Beatty ‘well-positioned’ to capitalise on growing infrastructure market

Leo Quinn
Leo Quinn

BALFOUR Beatty has announced its 2022 half-year financial results, with the contractor reporting a 42% rise in underlying profit from operations at £85 million.

Revenue was £4,147 million, a slight dip on the £4,154 million reported for the same period 12 months ago.

Order book has increased 10% to £17.7 billion compared with a year ago, while there has been a rise in half year average net cash from £671 million to £811 million.

Leo Quinn, Balfour Beatty group chief executive, said, “With the group well-positioned to capitalise on the growing infrastructure market, underpinned by its unique capability and balance sheet strength, the upgrade to the full-year performance gives the board further confidence in future capital returns.”