Business
Full year results for the year ended 31 March 2022
Full year results for the year ended 31 March 2022.
About this update from Babcock International Group Plc
[{"type":"text","content":"\n \n \n Babcock International Group PLC\nfull year results for the year ended 31 March 2022\n \n \n \n \n \n 28 July 2022\n \n \n \n \n \n Strong progress in first year of turnaround\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 \n \n \n \n \n \n \n \n 31 March 2022\n \n \n \n \n \n \n \n 31 March 2021 (restated)*\n \n \n \n \n \n \n Revenue\n \n \n \n \n £4,101.8m\n \n \n \n \n £3,971.6m\n \n \n \n \n \n \n Operating profit/(loss)\n \n \n \n \n £226.8m\n \n \n \n \n £(1,736.7)m\n \n \n \n \n \n \n Basic earnings/(loss) per share\n \n \n \n \n 32.5p\n \n \n \n \n (357.0)p\n \n \n \n \n \n \n Cash generated from operations\n \n \n \n \n £41.8m\n \n \n \n \n £475.4m\n \n \n \n \n \n \n Underlying results\n (note ii)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 31 March 2022\n \n \n \n \n 31 March 2021 (restated)*\n \n \n \n \n \n \n Contract backlog (note iii)\n \n \n \n \n £9.9bn\n \n \n \n \n £8.2bn\n \n \n \n \n \n \n Underlying operating profit/(loss) (note iv)\n \n \n \n \n £237.7m\n \n \n \n \n £(27.9)m\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 \n -\n \n \n \n \n \n £(250.0)m\n \n \n \n \n \n \n \n \n Operating profit excluding one-off CPBS adjustments\n \n \n \n \n \n \n £237.7m\n \n \n \n \n \n \n £222.1m\n \n \n \n \n \n \n \n \n Operating margin excluding one-off CPBS adjustments\n \n \n \n \n \n \n 5.8%\n \n \n \n \n \n \n 5.5%\n \n \n \n \n \n \n \n Underlying basic earnings/(loss) per share\n \n \n \n \n 30.7p\n \n \n \n \n (24.6)p\n \n \n \n \n \n \n Free cash flow\n \n \n \n \n £(191.3)m\n \n \n \n \n £169.6m\n \n \n \n \n \n \n Net debt\n \n \n \n \n £968.7m\n \n \n \n \n £1,352.4m\n \n \n \n \n \n \n Net debt excluding operating leases\n \n \n \n \n £556.7m\n \n \n \n \n £770.3m\n \n \n \n \n \n \n Net debt/EBITDA (covenant basis)\n \n \n \n \n 1.8x\n \n \n \n \n 2.4x\n \n \n \n \n \n \n \n \n \n \n \n \n * Prior-year restatement is outlined in note i on page 3. Refer to Note 3 of the preliminary financial statements for more details\n \n \n \n \n \n David Lockwood, Chief Executive Officer, said:\n \n \n \n \"The first year of our turnaround has seen us deliver as we said we would, despite geopolitical volatility and...