Business
Pre-close trading statement
Pre-close trading statement.
About this update from Babcock International Group Plc
[{"type":"text","content":"\n \nRNS Number : 4053B Babcock International Group PLC 03 April 2013 \n \n\n \n3 April 2013 \nBabcock International Group PLC \nPre-close trading statement \n \nBabcock International Group PLC (Babcock or the Group), the UK's leading engineering support services company, issues the following update on trading for the year ended 31 March 2013. The Group's full year results will be released on Tuesday 14 May 2013. \n \nOverview\nThe Group traded well throughout the 2012/13 financial year. The full year financial results will be in line with our previous expectations and will show strong progress on the previous year. As anticipated, net debt will be approaching 1.5 times ebitda at the year end. \n \nAcross our businesses, market conditions have been positive. In both our civil and military markets, a number of significant transformation and investment programmes are being progressed. As a result, bidding activity remained high throughout the year and we continue to track significant new outsourcing opportunities. \n \nOrder book and bid pipeline\nThe or...