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Balfour Beatty reports strong 2024 financials, forecasting growth despite past profits drop.
Balfour Beatty, an infrastructure firm, reported a 4% rise in revenue to £10.015 billion and a 7% increase in underlying operating profit to £252 million for 2024.
The company’s order book grew 12% to £18.4 billion.
Despite a 14% drop in pre-tax profits in 2021 due to building safety reassessments, Balfour Beatty forecasts growth in UK energy, transport, and defense sectors and US building projects.
The company plans to buy back £125 million in shares and has received a buy rating from Deutsche Bank, which raised its price target.
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Balfour Beatty reporta fuertes finanzas de 2024, pronosticando el crecimiento a pesar de la caída de las ganancias pasadas.