Business
Full year results for the year ended 31 March 2021
Full year results for the year ended 31 March 2021.
About this update from Babcock International Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9937G\n Babcock International Group PLC\n 30 July 2021\n \n \n \n \n \n \n \n Babcock International Group PLC\n \n \n full year results for the year ended 31 March 2021\n \n \n \n \n \n 30 July 2021 \n \n \n \n \n \n Detailed reviews completed and turnaround underway\n \n \n \n \n \n \n Statutory results\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 31 March\n 2021\n \n \n \n \n \n \n \n 31 March\n 2020\n \n \n Restated\n \n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n £4,183m\n \n \n \n \n £4,429m\n \n \n \n \n \n \n \n \n \n Operating loss\n \n \n \n \n £(1,643.0)m\n \n \n \n \n £(75.6)m\n \n \n \n \n \n \n \n \n \n Basic loss per share\n \n \n \n \n (337.0)p\n \n \n \n \n (23.3)p\n \n \n \n \n \n \n \n \n \n Cash generated from operations\n \n \n \n \n £470.8m\n \n \n \n \n £445.3m\n \n \n \n \n \n \n \n \n \n Underlying results\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 31 March\n 2021\n \n \n \n \n \n \n \n 31 March\n 2020\n \n \n Restated\n \n \n \n \n \n \n \n \n \n Contract backlog (note ii)\n \n \n \n \n £8.7bn\n \n \n \n \n £9.5bn\n \n \n \n \n \n \n \n \n \n Revenue (note iii)\n \n \n \n \n £4,183m\n \n \n \n \n £4,429m\n \n \n \n \n \n \n \n \n \n Operating (loss) / profit (note iv)\n \n \n \n \n £(27.6)m\n \n \n \n \n £377.6m\n \n \n \n \n \n \n \n \n \n of which one-off contract profitability and balance sheet ('CPBS') adjustments (note v)\n \n \n \n \n £(250.0)m\n \n \n \n \n \n \n \n \n \n \n \n \n Operating profit excluding one-off CPBS adjustments\n \n \n \n \n £222.4m\n \n \n \n \n \n \n \n \n \n \n \n \n Basic (loss) / earnings per share (note vi)\n \n \n \n \n (23.8)p\n \n \n \n \n 58.4p\n \n \n \n \n \n \n \n \n \n Free cash flow (note vii)\n \n \n \n \n £169.5m\n \n \n \n \n £55.5m\n \n \n \n \n \n \n \n \n \n Net debt\n \n \n \n \n £1,354m\n \n \n \n \n £1,705m\n \n \n \n \n \n \n \n \n \n Net debt excluding operating leases (note viii)\n \n \n \n \n £772m\n \n \n \n \n £1,055m\n \n \n \n \n \n \n \n \n \n Net debt/EBITDA (covenant basis) (note ix)\n \n \n \n \n 2.5x\n \n \n \n \n 2.3x\n \n \n \n \n \n \n \n \n \n The results for FY20 have been restated for prior p...