Results for the 2009 financial year - released 4 March 2010
|Turnover Growth (%)||28|
|Pre-tax profit (£m)||201||249|
|Pre-tax margin (%)||3.03|
|Operating Profit margin (%)||1.88|
|Total directors remuneration (£m)||2.7||3.4|
Group revenue at Balfour Beatty, excluding joint ventures and associates, increased to £8.95 billion in 2009, up from £8.26 billion in 2008. This is an increase of 8 per cent.
Pre-tax profit, after exceptional items, fell 1 per cent to £267 million, from £270 million in 2008.
Excluding its PPP subsidiaries, it has net cash of £572m, up from £440m in 2008.
Borrowings in the PPP subsidiaries are currently £248m.
The group order book increased to £14.1bn at the ened of 2009, up from £12.8bn in 2008.
In future, the financial reporting will be based on four business segments. Further information on these segments is available from the strategy section.
The Professional Services Business reported profit from operations before exceptional items and amortisation, of £13m (2008: £14m). The result was impacted, as anticipated, by the seasonal nature of Parsons Brinckerhoff’s profit profile.
PB’s results have been consolidated into the Group’s results from 27 October 2009, the date on which the acquisition was completed.
The order book for this part of the business stands at £1.4bn.
The Construction Services Business’ profit rose by 24 per cent to £207m (2008: £167m), or 14 per cent at constant currency.
The order book for this business is currently £8.2bn.
Support Services made a profit of £55m, compared to £52m in 2008.
The order book for this part of the business is £4.5bn.
The Infrastructure Investments Business made a profit of £42m in 2009. (2008: £31m)
The order book for this business is not specifically mentioned due to the nature of the business and the way it is reported.