News Releases
Balfour Beatty plc Preliminary Results for the year to 31 December 2006
07 Mar 2007ANOTHER YEAR OF PROGRESS IN BUILDING SHAREHOLDER VALUE
Financial Summary
| 2006 | 2005 | |
|---|---|---|
| Revenue including joint ventures and associates | £5,852m | £4,938m |
| Pre-tax profit | ||
| - before exceptional items and amortisation | £152m | £134m |
| - after exceptional items and amortisation | £125m | £141m |
| Earnings per share | ||
| - adjusted* | 27.3p | 24.1p |
| - basic | 21.2p | 24.9p |
| Financing | ||
| - net cash before PFI/PPP subsidiaries (non-recourse) | £305m | £315m |
| - net borrowings of PFI/PPP subsidiaries (non-recourse) | £(21)m | £(14)m |
*before exceptional items and amortisation of intangible assets
Highlights
- Pre-tax profit* up by 13% to £152 million
- Adjusted earnings per share* up by 13% to 27.3p
- Cash generated from operations up 30% at £217 million
- Order book increased by 20% to £9.1 billion
- Good progress in strategic acquisition and investment programme
- Agreement to acquire Centex Construction in the US
- Final dividend of 5.2p, full-year dividend up 12% at 9.1p
“We have record order books, a number of preferred bidder positions on major projects and our markets are generally healthy and continue to offer substantial opportunity. We have also made good progress in pursuing the strategic priorities which we set out last year and have substantially added to our earning power as a result, which will serve to underpin future growth. We believe that we will be able to make further good progress in 2007.”
| Sir David John, Chairman | Ian Tyler, Chief Executive |
View the full Preliminary Results 2006 (PDF, 125 KB)
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