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flag Balfour Beatty reports strong 2024 financials, forecasting growth despite past profits drop.

flag 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. flag The company’s order book grew 12% to £18.4 billion. flag 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. flag 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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