News Releases
Balfour Beatty plc Interim results for the six months to 2nd July 2005
17 Aug 2005Financial Summary
2005 | 2004 pro forma† | 2004 | |
|---|---|---|---|
| Revenue including joint ventures and associates | £2,308m | £2,026m | £2,026m |
| Profit before tax from continuing operations - before exceptional items - after exceptional items | £52m £67m | £44m £49m | £53m £56m |
| Earnings per share - adjusted* - basic | 9.3p 13.4p | 10.1p 10.9p | 10.4p 9.6p |
| Financing - Net cash before PPP subsidiaries - Net borrowings of PPP subsidiaries (non-recourse) | £299m £(247m) | £121m £(238)m | £121m £(238)m |
* Before exceptional items and the premium arising on the buy-back of preference shares, and including the results of discontinued operations
† Including the impact of IAS 32 and IAS 39 on first half 2004 numbers
Highlights
- Continuing growth in comparable pre-tax profits
- Strong operating cash performance
- Earnings per share impacted by increased tax charge
- Interim dividend up 23% at 3.5p (2004: 2.85p)
- Order book at record £7.4bn, up 9% since year end
- Bassetlaw and North Lanarkshire Schools PFIs reach financial close
- Acquisitions of UK ground engineering specialist and German rail signalling business
“The period saw satisfactory results in most of our businesses and strong order intake, most notably in the UK utilities market. In the US, management changes, reorganisation and other steps taken to address the poor performance of the last two years have begun to show results, with a significantly improved performance in the civil engineering business. We expect our seasonal performance to resume its normal pattern and anticipate that 2005 as a whole will be a year of good progress.”
| Sir David John, Chairman | Ian Tyler, Chief Executive |
View the full Interim Results 2005 (PDF, 285 KB)
 |
To read the |
