????Solid structure Helping Balfour Deliver Another Year of Growth


A new management team came into play in 2015. And they are reaping the rewards.

by Richard Allan /  October 11, 2022

Looking like another year of earnings growth for Balfour Beatty – the sixth in seven since new management took over. They took over in 2015, the same year the company introduced their “Built To Last” campaign.

Things have turned around, to say the least…

Since arriving, new management has achieved both cash and pre-tax profits objectives. According to Jefferies, rising demand for:

  • Renewable energy.
  • Transportation links (road and rail).
  • and Housing supply is creating long-term structural growth tailwinds for Balfour’s £7bn revenue business.

On top of this: Balfour manages a £1.1bn investment portfolio which balances the shorter cycle construction with long duration, inflation-linked concessions.

Prediction: Jefferies is forecasting 5% earnings growth over 2022-25, putting it 8% to 10% ahead of consensus.

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