Turnover rose 36% in 2007 while profit rose 48% to 拢201m
Balfour Beatty has broken through the 拢7bn turnover barrier with solid 2007 results. The figure of 拢7.5bn was 36% up on last year鈥檚 拢5.5bn.
Pre-tax profit in the year ended 31 December 2007 beat market expectations at 拢201m, a 48% rise on 拢136m in 2006.
Chief executive Ian Tyler was upbeat about the future. He said: 鈥淲e have record order books and an exceptionally strong pipeline of high-quality new work approaching contract. We are confident that we will continue to make further good progress in 2008 and beyond.鈥�
Its order book had increased by 25% to 拢11.4bn.
It said the integration of its Centex housing business, bought for 拢184m last February, was progressing well and hinted more may follow. The company said: 鈥淭he acquisition was a very important step in creating a major domestic business in the United States.
Analysts agreed the results were strong.
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