{"id":534081,"date":"2025-12-04T11:51:11","date_gmt":"2025-12-04T11:51:11","guid":{"rendered":"https:\/\/www.constructionnews.co.uk\/?p=534081"},"modified":"2025-12-04T11:51:11","modified_gmt":"2025-12-04T11:51:11","slug":"balfour-beatty-set-for-turnover-and-profit-rises","status":"publish","type":"post","link":"https:\/\/www.constructionnews.co.uk\/financial\/balfour-beatty-set-for-turnover-and-profit-rises-04-12-2025\/","title":{"rendered":"Balfour Beatty set for turnover and profit rises"},"content":{"rendered":"

Balfour Beatty is on track to boost its revenue and operational profit in 2025, it has announced.<\/p>\n

In a trading update this morning (4 December), the UK\u2019s largest contractor<\/a> said it expected its turnover \u2500 including revenue from joint ventures \u2500 to be more than 5 per cent higher than the \u00a310bn it achieved in the year to 31 December 2024.<\/p>\n

This will be driven mainly by US buildings and UK energy jobs, it said, citing projects such as the Hinkley Point C nuclear power station and Net Zero Teesside carbon capture.<\/p>\n

Completing the 3.5-mile-long Bromford Tunnel for HS2, its fourth and final tunnel for the megaproject, was also cited as a success for its construction services business.<\/p>\n

When an unspecified \u00a310m insurance recovery issue is excluded, the firm is on course to achieve a 3 per cent profit from operations (PFO) margin, the update said.<\/p>\n

Overall underlying PFO is expected to exceed 2024\u2019s figure of \u00a3252m, driven by UK construction services and support services, although offset slightly by lower profits in US construction.<\/p>\n

Balfour Beatty<\/a> also expects its order book to grow by around 20 per cent this year, compared with \u00a318.4bn at the end of 2024.<\/p>\n

It said this will be driven mostly by UK construction, especially from the energy market, with \u00a33.5bn in power generation orders added this year.<\/p>\n

Balfour Beatty has also included \u00a33bn of work on Sizewell C in the order book, after signing on to deliver works at the nuclear plant as part of an industry alliance with Laing O\u2019Rourke and Bouygues Travaux Publics.<\/a><\/p>\n

Other wins include being named as the sole contractor on Rolls-Royce\u2019s fissile construction framework and a \u00a3162m contract to build the Dunard Centre concert hall in Edinburgh.<\/p>\n

In September, former AtkinsR\u00e9alis chief operating officer Philip Hoare took over as chief executive<\/a> of Balfour Beatty, after Leo Quinn stood down after 10 years in charge.<\/p>\n

In today\u2019s trading update, Hoare described \u201cexciting opportunities in our end-markets, a high-quality order book and disciplined risk processes\u201d that give the contractor \u201ca powerful platform to shape the next chapter of growth\u201d.<\/p>\n

He said the firm\u2019s immediate priority was to finish 2025 strongly and lay the groundwork for a strong 2026.<\/p>\n

A share buyback scheme will continue into 2026.<\/p>\n

Despite a steep decline in construction activity, which S&P Global\u2019s latest PMI index estimates has continued for the past 11 months<\/a>, the Balfour update is the latest in a string of recent bullish trading updates from listed contractors.<\/p>\n

Kier<\/a>, Morgan Sindall<\/a> and Renew<\/a> are among those to offer positive statements around order books, strong trading and rising revenues in recent months.<\/p>\n","protected":false},"excerpt":{"rendered":"

Balfour Beatty is on track to boost its revenue and operational profit in 2025, it has announced. In a trading update this morning (4 December), the UK\u2019s largest contractor said it expected its turnover \u2500 including revenue from joint ventures \u2500 to be more than 5 per cent higher than the \u00a310bn it achieved in …<\/p>\n","protected":false},"author":43915,"featured_media":414801,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[527,552],"tags":[],"class_list":["post-534081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-balfour-beatty","category-financial"],"yoast_head":"\nBalfour Beatty set for turnover and profit rises | Construction News<\/title>\n<meta name=\"description\" content=\"Balfour Beatty is on track to boost its revenue and operational profit in 2025, it has announced. 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