David Lockwood
Chief Executive Officer
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Babcock International Group PLC (BAB) Q4 2024 Earnings Call
Babcock International Group PLC (LSE: BAB) Q4 2024 earnings conference call, held 2024-07-26. Replay captured from the company's public earnings webcast.
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WEBVTT 00:00:00.031 -- 00:00:05.820 Three, two, one, action. Right, well, welcome to our full year results. 00:00:05.820 -- 00:00:10.945 Obviously, a bit trailed last week with the 00:00:11.169 -- 00:00:16.437 pre-announcement, but a lot more detail here, a lot more to get your teeth into. 00:00:16.437 -- 00:00:20.921 Before I put any slides up, 00:00:21.044 -- 00:00:26.994 I think it's really important to... to make sure we get the right balance in this presentation. 00:00:26.994 -- 00:00:31.808 I think when I look back over four years in this company, 00:00:32.043 -- 00:00:36.269 In the first year, we had a spike just because we managed to avoid a rights issue. 00:00:36.269 -- 00:00:38.753 You know, that was the kind of territory we were in. 00:00:38.753 -- 00:00:41.336 Now we're in a completely different territory. 00:00:41.336 -- 00:00:46.083 And hopefully what we'll lay out through is not just the journey, but kind of where we 00:00:46.083 -- 00:00:51.191 are, sit rep on today, but also what I think is a tremendously 00:00:51.191 -- 00:00:56.418 exciting future for what is becoming one of the world's most important defense 00:00:56.418 -- 00:00:58.341 companies. 00:00:58.341 -- 00:01:00.341 So... 00:01:00.376 -- 00:01:03.821 We've made really good progress towards our medium-term guidance. 00:01:03.821 -- 00:01:08.687 If you take the three, cash, we've been well ahead for three years. 00:01:08.687 -- 00:01:11.791 Growth is well ahead for three years. 00:01:11.791 -- 00:01:14.715 Margin, probably about where we expect it to be. 00:01:14.715 -- 00:01:17.980 But we always said there would be a bit of a trade-off between growth and margin. 00:01:17.980 -- 00:01:21.284 If we grew more, probably margin would lag a bit just because of the way you account 00:01:21.284 -...