28th Sep 2005 07:00
Babcock International Group PLC28 September 2005 28 September 05 Babcock International Group plc Pre-close trading update Prior to entering the close period, Babcock International Group PLC ('Babcock'or 'the Group') gives the following update on its trading performance over thefirst six months of the 2005/06 financial year. Trading remains in line with our expectations at the time of the AGM statementin July. The Group has had a series of excellent contract successes during thefirst half across all of its Divisions, increasing the order book from £1.2billion at last year-end to approximately £2 billion today. These include a fiveyear extension to the HM Naval Base, Clyde contract which now runs through to2012, the securing of preferred bidder status for the seven year Regional PrimeContract East and several substantial Rail contracts. Rail successes include anumber of significant contracts for signalling works, which is now demonstratingthe expected resurgence in activity levels. The integration of the former Peterhouse business is now complete and isperforming in line with our expectations. The disposal of the non-core Health,Safety and Environmental businesses is well underway with Pivotal Services soldin July and the remainder expected before the end of the financial year. All of our markets continue to offer substantial growth opportunities over themedium term and we remain confident of Babcock's prospects within them. TheGroup's interim results will be announced on 15 November 2005. Babcock International Group PLCPeter Rogers, Chief Executive 020 7291 5000 Financial DynamicsRob Gurner 020 7269 7221 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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