- Babcock International Group
- 23 April 2025 08:51:14
Source: Sharecast
Babcock expects to report revenues of £4.83bn, driven by organic growth of 11% at constant currency, with notably strong growth in its nuclear and marine divisions.
Underlying operating profits were up 17% year-on-year at £363.0m, with underlying operating margins improving from 7.0% to 7.5% as all four sectors performed well in Q4.
The FTSE 250-listed group also stated underlying operating cash conversion was roughly 80%, boosted by working capital timing, and said underlying free cash flow came to £153.0m, despite an additional accelerated pension deficit repair contribution of £40.0m.
Chief executive David Lockwood said: "In an uncertain world, we continue to see momentum across the business. This has driven strong performance in all four of our divisions in the fourth quarter, resulting in full-year underlying operating profit ahead of expectations. Our experience, know-how and application of technology play a critical role in ensuring that our customers are ready to respond to ever-changing global threats."
As of 0850 BST, Babcock shares were up 2.20% at 765.0p.
Reporting by Iain Gilbert at Sharecast.com
