{"id":882281,"date":"2026-01-01T02:24:22","date_gmt":"2026-01-01T08:24:22","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/01\/balfour-beatty-set-for-turnover-and-profit-rises\/"},"modified":"2026-01-01T02:24:22","modified_gmt":"2026-01-01T08:24:22","slug":"balfour-beatty-set-for-turnover-and-profit-rises","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/01\/balfour-beatty-set-for-turnover-and-profit-rises\/","title":{"rendered":"Balfour Beatty set for turnover and profit rises"},"content":{"rendered":"
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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<\/div>\n

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At CN Intelligence you can view and filter seven years\u2019 worth of detailed financial information on the top UK construction firms via our interactive dashboards. Access in-depth written analysis of the numbers along with targeted data and analysis on specialist contractors.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Read More<\/a><\/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":1,"featured_media":882282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99473,100396],"tags":[132902,147200],"class_list":{"0":"post-882281","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-balfour","8":"category-beatty","9":"tag-balfour","10":"tag-beatty"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/882281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=882281"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/882281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/882282"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=882281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=882281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=882281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}