Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Infrastructure group Balfour Beatty said it was on track to deliver 2021 performance in line with pre-pandemic levels, and added that it would target a share buyback programme of at least £100 million in 2022.
For the full-year revenue was expected to be approximately double the half year revenue of £4.2 billion, taking full-year to about £8.4 billion, just shy of £8.6 billion.
For the period to 8 December 2021, construction services and support services was expected to generate underlying profit from operations for 2021 in line with 2019 of about £172 million.
'Tendering has returned to pre-pandemic levels at US construction as the focus continues to be selectively bidding for new contracts. ,' the company said.
The year-end order book was expected to be around £15.5 billion, down from £16.1 billion last yea, and £16.4 billion in the prior year.
The company also said it intended that the 2022 share buyback would be at least £100 million and was expected to commence following the announcement of the Group's full year results in March.