BALFOUR Beatty expects its order book to grow by over 5% this financial year, driven by momentum in markets including UK energy and US buildings.
The business has provided a trading update covering the period to 5 December 2024.
Balfour Beatty said 2024 revenue is expected to be around 2% higher than last year’s £9.6 billion, with underlying profit from operations from earnings-based businesses tipped to be ahead of the £236 million reported in financial year 2023.
2024 profit after tax is also expected to be above last year’s £205 million and ‘slightly ahead’ of market expectations.
Leo Quinn, Balfour Beatty group chief executive, said, “In 2024, the group has once again shown the benefit of the geographical and operational diversity of our portfolio, delivering an encouraging overall performance. As a result, we are on track to deliver earnings growth in 2024.
“We are pleased to confirm our fifth successive year of share buybacks in 2025, as our large orderbook, unique capabilities and balance sheet, provide a strong platform for continuing future shareholder returns.”
