Balfour Beatty PLC

BBY

Equity

ISIN GB0000961622 / Valor 372870

LSE London Stock Exchange, SETS (2024-12-23)

GBP 4.48+0.54%

Balfour Beatty PLC
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About company

Balfour Beatty PLC is a leading international infrastructure group with a significant presence in the construction and engineering sectors. Established in the early 20th century, the company has expanded its operations through strategic acquisitions and organic growth, positioning itself as a key player in the global market. Balfour Beatty's business encompasses a wide range of services, including construction services, civil engineering, and the development of public-private partnership (PPP) projects. The company has a strong foothold in the United Kingdom, the United States, and Hong Kong, reflecting its strategic focus on these three geographies. Over the years, Balfour Beatty has broadened its portfolio by acquiring companies such as GMH’s Military PPP accommodation business, Centex Construction in the US, Mansell, and Birse in the UK, as well as establishing a significant joint venture, Gammon Construction, in Hong Kong. Additionally, the formation of Balfour Beatty Investments in the 1990s marked the company's foray into financing solutions, further diversifying its service offerings to meet the comprehensive needs of its customers in achieving their project goals.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

Balfour Beatty PLC reported a 3% increase in revenue for the first half of 2024, reaching £4.7 billion compared to £4.5 billion in the same period of 2023. This growth was primarily driven by increases in the Support Services and Gammon segments.

Profit from Operations

The underlying profit from operations (PFO) for Balfour Beatty PLC's earnings-based businesses rose by 6% to £101 million in the first half of 2024, up from £95 million in the first half of 2023. However, the overall underlying Group PFO decreased by 4% to £77 million due to increased costs in Infrastructure Investments.

Earnings Per Share

Balfour Beatty PLC's underlying earnings per share (EPS) saw a significant increase of 18% in the first half of 2024, rising to 15.3 pence per share from 13.0 pence per share in the first half of 2023. This reflects the company's improved profitability and operational performance.

Order Book

The order book for Balfour Beatty PLC stood at £16.6 billion at the end of the first half of 2024, slightly up from £16.5 billion at the end of 2023. This robust order book underpins the company's earnings growth for the remainder of 2024 and into 2025.

Dividend Increase

Balfour Beatty PLC announced a 9% increase in its half-year dividend, raising it to 3.8 pence per share from 3.5 pence per share in the first half of 2023. The company plans to pay a total of £60 million in dividends for 2024 and is on track to complete a £100 million share buyback within the year.

Summarized from source with an LLMView Source

Key figures

33.1%1Y

70.5%3Y

67.6%5Y

Performance

21.5%1Y

23.8%3Y

28.6%5Y

Volatility