20th May 2025 12:48
20 May 2025
Babcock hosting teach-in on Cavendish Nuclear business
Babcock International Group (Babcock), the defence company, will host a teach-in on its Cavendish Nuclear business for analysts and investors at 4pm today (UK time).
Through our Cavendish Nuclear business, which incorporates our civil nuclear activities, Babcock is embedded and involved in every stage of the nuclear lifecycle, from fuel routes, new build and future generation, generation support and decommissioning in the UK to international and defence services markets. This teach-in will aim to showcase our leading nuclear capabilities, the markets in which we operate and the growth opportunities ahead.
Currently representing 7% of the Group, Cavendish Nuclear delivered c.£320 million of revenue in FY25 (unaudited) and is expected to grow to c.£600 million in 2030, continuing its track record of double-digit growth and margins, with an exciting pipeline of opportunities over the medium and longer-term.
With opening remarks from our CEO, David Lockwood, our Nuclear CEO, Harry Holt, will be joined by Mick Gornall, Managing Director - Cavendish Nuclear and James Ewence, Director - Clean Energy - Cavendish Nuclear.
The event will be webcast live and subsequently available for replay. A transcript will also be available. To watch the webcast please visit: www.babcockinternational.com/investors/results-and-presentations/.
The presentation contains no inside information and there will be no updates on current trading provided.
ENDS
For further information:
Andrew Gollan, Director of Investor Relations +44 (0)7936 039004
Kate Hill, Group Head of Financial Communications +44 (0)20 7355 5312
Harry Cameron, Teneo +44 (0)20 7353 4200
Certain statements in this announcement are forward-looking statements. Such statements may relate to Babcock's business, strategy and plans. Statements that are not historical facts, including statements about Babcock's or its management's beliefs and expectations, are forward-looking statements. Words such as 'believe', 'anticipate', 'estimates', 'expects', 'intends', 'aims', 'potential', 'will', 'would', 'could', 'considered', 'likely', and variations of these words and similar future or conditional expressions are intended to identify forward-looking statements but are not the exclusive means of doing so. By their nature, forward-looking statements involve a number of risks, uncertainties or assumptions, some known and some unknown, many of which are beyond Babcock's control that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties or assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this announcement regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Nor are they indicative of future performance and Babcock's actual results of operations and financial condition and the development of the industry and markets in which Babcock operates may differ materially from those made in or suggested by the forward-looking statements. You should not place undue reliance on forward-looking statements because such statements relate to events and depend on circumstances that may or may not occur in the future. Except as required by law, Babcock is under no obligation to update (and will not) or keep current the forward-looking statements contained herein or to correct any inaccuracies which may become apparent in such forward-looking statements.
Forward-looking statements reflect Babcock's judgement at the time of preparation of this announcement and are not intended to give any assurance as to future results.
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