Babcock International Group PLC
28 September 2005
28 September 05
Babcock International Group plc
Pre-close trading update
Prior to entering the close period, Babcock International Group PLC ('Babcock'
or 'the Group') gives the following update on its trading performance over the
first six months of the 2005/06 financial year.
Trading remains in line with our expectations at the time of the AGM statement
in July. The Group has had a series of excellent contract successes during the
first half across all of its Divisions, increasing the order book from £1.2
billion at last year-end to approximately £2 billion today. These include a five
year extension to the HM Naval Base, Clyde contract which now runs through to
2012, the securing of preferred bidder status for the seven year Regional Prime
Contract East and several substantial Rail contracts. Rail successes include a
number of significant contracts for signalling works, which is now demonstrating
the expected resurgence in activity levels.
The integration of the former Peterhouse business is now complete and is
performing in line with our expectations. The disposal of the non-core Health,
Safety and Environmental businesses is well underway with Pivotal Services sold
in July and the remainder expected before the end of the financial year.
All of our markets continue to offer substantial growth opportunities over the
medium term and we remain confident of Babcock's prospects within them. The
Group's interim results will be announced on 15 November 2005.
Babcock International Group PLC
Peter Rogers, Chief Executive 020 7291 5000
Financial Dynamics
Rob Gurner 020 7269 7221
Notes to editors:
About Babcock International Group PLC
Babcock International Group PLC is an asset management business. We manage fixed
infrastructure and mobile assets. Babcock integrates labour, technical
capabilities, systems and supply chain partners to meet the outsourcing needs of
customers for 'mission-critical' capabilities.
In the year to 31 March 2005 sales from continuing business were £760 million.
In June 2004 Babcock acquired the Peterhouse Group which brought; Rail, Networks
and Health , Safety and Environmental to the Group
The Group operates across five core business segments:
Defence Services, supplying facilities management, equipment support and
training services to the armed forces.
Technical Services, providing engineering and logistical support to both the
defence and civil sectors in the UK.
Engineering and Plant Services supplying design, installation and maintenance
support to the energy sector in Africa and the US. It also holds the Volvo
franchise for construction equipment in Southern Africa.
Rail, providing design, renewal and installation services for the UK rail
infrastructure.
Networks, supporting the design, maintenance and renewal of power transmission
and cellular telecommunications networks in the UK.
Babcock's head office is in London and the Company's shares are quoted on the
London Stock Exchange in the support services sector (EPIC:BAB). For further
information, please visit Babcock's website at www.babcock.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
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