7th Jul 2005 07:00
Babcock International Group PLC07 July 2005 Babcock International Group PLC Transition to International Financial Reporting Standards Thursday 7 July 2005 Babcock International Group PLC, the support services company, today announcesfurther detail on the impact of International Financial Reporting Standards ("IFRS") on its accounts, following the Group's initial statement in May whichidentified little overall impact to the Group's reported underlying earnings orearnings per share. The Group will be holding a presentation today for analysts and investors todiscuss the impact of IFRS on its accounts. The presentation, along with asupporting paper with detailed appendices, will be available on the Group'swebsite: www.babcock.co.uk. Following on from this announcement any further guidance issued will be based onIFRS. Contact: Bill Tame, Finance DirectorFranco Martinelli, Financial ControllerBabcock International Group PLCTelephone: 020 7291 5000 Andrew LorenzRob GurnerFinancial DynamicsTelephone: 020 7269 7291 Notes to editors: About Babcock International Group PLC Babcock International Group PLC is an asset management business. We manage fixedinfrastructure and mobile assets. Babcock integrates labour, technicalcapabilities, systems and supply chain partners to meet the outsourcing needs ofcustomers for 'mission-critical' capabilities. In the year to 31 March 2005 sales from continuing business were £760 million.In June 2004 Babcock acquired the Peterhouse Group which brought; Rail, Networksand Health, Safety and Environmental to the Group. The Group operates across five core business segments: Defence Services, supplying facilities management, equipment support andtraining services to the armed forces. Technical Services, providing engineering and logistical support to both thedefence and civil sectors in the UK. Engineering and Plant Services supplying design, installation and maintenancesupport to the energy sector in Africa and the US. It also holds the Volvofranchise for construction equipment in Southern Africa. Rail, providing design, renewal and installation services for the UK railinfrastructure. Networks, supporting the design, maintenance and renewal of power transmissionand cellular telecommunications networks in the UK. Babcock's head office is in London and the Company's shares are quoted on theLondon Stock Exchange in the support services sector (EPIC:BAB). For furtherinformation, please visit Babcock's website at www.babcock.co.uk. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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