Babcock grows as performance in line with guidance

By
0 mins. to read
Babcock grows as performance in line with guidance
Sam Courton / Shutterstock.com
Master Investor Magazine 42 cover

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

Engineering services firm Babcock (LON:BAB) has announced that trading since 1st April has been in line with expectations, with the order book and pipeline steady at £32 billion and roughly 87% of the forecast revenue for the year secured.

Management reiterated that they expect to see single-digit growth in underlying revenues, with stable profit margins for the full year. Earnings guidance has been kept unchanged and it was stated that results for the year will once again be weighted towards the second half.

Shares in Babcock rose by 2.2% to 707.20p (as of 12:30 BST).

 

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.