Babcock International Group PLC AGM trading update
2024年9月19日 - 3:00PM
RNS Regulatory News
RNS Number : 7772E
Babcock International Group PLC
19 September 2024
19 September
2024
Babcock International Group
PLC
AGM trading update - encouraging
start to the year, FY expectations unchanged
Babcock International Group PLC
("Babcock" or "the Group") provides a trading update for the first
five months of the financial year ahead of its Annual General
Meeting to be held at 10.30 am today.
Trading update
Trading for the five-month period to
31 August 2024 has been encouraging and in line with the Board's
expectations.
Positive momentum has continued into
H1, and the Group has delivered good organic revenue growth,
particularly in civil and naval Nuclear, and in the Land Sector.
Group underlying operating profit also increased compared to the
same period last year, despite last year including the license fees
from the Polish MIECZNIK programme.
Our expectations for the full year
are unchanged and we continue to progress toward our medium-term
guidance.
Business developments
Demand in our core defence market
remains positive and we continue to make good strategic progress.
We have:
|
·
|
Launched H&B Defence, a joint
venture with HII (NYSE: HII) to accelerate the development of critical sovereign capability for
Australia's AUKUS nuclear-powered submarine programme, including
workforce, nuclear infrastructure design and build, submarine
defueling and decommissioning, nuclear waste and future
sustainment.
|
|
·
|
Reopened 9 Dock in Devonport on 12
September, following the completion of an extensive regeneration project. The dry dock will deliver the
£560 million maintenance programme to extend the operational life
of HMS Victorious, currently underway, and is critical for the
future support of the UK's Continuous At Sea Deterrent.
|
|
·
|
Inaugurated the Babcock Engineering
& Nuclear Skills building at City College Plymouth. Opened by
the Minister of State for Defence Procurement and Industry, the new
facility will enhance our growing workforce's capabilities in the
UK's nuclear programmes.
|
|
·
|
Signed a contract extension with PGZ
SA, the Polish Armaments Group, to continue our support to Poland's
Miecznik frigate programme until the delivery of ship three in
2031.
|
The Group's HY25 results will be
published on 13 November 2024.
For
further information:
|
Andrew Gollan, Babcock Director of
Investor Relations
|
+44 (0)7936 039 004
|
|
Kate Hill, Babcock Group Head of
Financial Communications
|
+44 (0)20 7355 5312
|
|
Olivia Peters / Harry Cameron,
Teneo
|
+44 (0)20 7353 4200
|
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END
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Babcock (LSE:BAB)
過去 株価チャート
から 3 2025 まで 4 2025
Babcock (LSE:BAB)
過去 株価チャート
から 4 2024 まで 4 2025
