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Balfour Beatty announces healthy order book

Balfour Beatty has forward orders worth £13.7bn according to a trading statement issued last week.

Orders were boosted by the recent acquisition of Parsons Brinckerhoff, which £1.2bn.  Total orders haveincreased from £12.8bn in 2008

Average net cash in excess of £114M remains on the balance sheet following the acquisition of Parsons Brinckerhoff.

According to the statement, there have been strong performances in the UK major and regional civil engineering businesses, with good progress on a number of major road projects including the M25 but a reduction in the ground engineering business and rail.

It highlights a good performance in Hong Kong, with a number of recent wins resulting in the order book increasing 30% in the period but says the market for new construction work in Dubai remains difficult with payments for completed building work remaining slow.

Readers' comments (1)

  • Strange, they seem to be making more staff redundant than moving them to new job sites?.

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