Business
BALFOUR BEATTY 2022 FULL YEAR RESULTS
BALFOUR BEATTY 2022 FULL YEAR RESULTS.
About this update from Balfour Beatty Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n BALFOUR BEATTY PLC RESULTS FOR THE FULL YEAR ENDED 31 DECEMBER 2022\n \n \n \n 15 March 2023\n \n \n \n \n \n \n \n \n \n Strong operational and financial performance across the Group\n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n ·\n 42% increase in underlying profit from operations (PFO) at £279 million (2021: £197 million)\n \n \n ·\n Underlying PFO from earnings-based businesses at £232 million (2021: £181 million)\n \n \n ·\n 8% increase in order book at £17.4 billion (FY 2021: £16.1 billion); provides clear short- and medium-term visibility\n \n \n ·\n Directors' valuation of the Investments portfolio increased to £1.3 billion (FY 2021: £1.1 billion) and independently reviewed\n \n \n ·\n Strong cash performance, with average net cash at £804 million (FY 2021: £671 million)\n \n \n ·\n 60% increase in underlying basic EPS at 47.5 pence per share (2021: 29.7 pence per share)\n \n \n ·\n 17% increase in recommended full year dividend at 10.5 pence per share (2021: 9.0 pence per share)\n \n \n ·\n £150 million share buyback confirmed for third consecutive year\n \n \n ·\n 2023 PFO from earnings-based businesses expected to be broadly in line with 2022\n \n \n \n \n \n \n \n \n \n (£ million unless otherwise specified)\n \n \n \n \n 2022\n \n \n \n \n \n \n \n \n \n \n \n 2021\n \n \n \n \n \n \n Underlying\n \n 2\n \n \n \n \n \n Total\n \n \n \n \n \n \n \n \n \n \n \n Underlying\n \n 2\n \n \n \n \n \n \n \n \n \n \n \n \n Total\n \n \n \n \n \n \n Revenue\n \n 1\n \n \n \n \n \n 8,931\n \n \n \n \n 8,931\n \n \n \n \n \n \n \n \n \n \n \n 8,280\n \n \n \n \n \n \n \n \n \n \n \n 8,263\n \n \n \n \n \n \n Profit from operations\n \n \n \n \n 279\n \n \n \n \n 275\n \n \n \n \n \n \n \n \n \n \n \n 197\n \n \n \n \n \n \n \n \n \n \n \n 97\n \n \n \n \n \n \n Pre-tax profit\n \n \n \n \n 291\n \n \n \n \n 287\n \n \n \n \n \n \n \n \n \n \n \n 187\n \n \n \n \n \n \n \n \n \n \n \n 87\n \n \n \n \n \n \n Profit for the year\n \n \n \n \n 290\n \n \n \n \n 287\n \n \n \n \n \n \n \n \n \n \n \n 194\n \n \n \n \n \n \n \n \n \n \n \n 139\n \n \n \n \n \n \n Basic earnings per share\n \n \n \n \n 47.5p\n \n \n \n \n 46.9p\n \n \n \n \n \n \n \n \n \n \n \n 29.7p\n \n \n \n \n \n \n \n \n \n \n \n 21.3p\n \n \n \n \n \n \n Dividends per share\n \n \n \n \n \n \n \n \n ...