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Trading statements

Babcock maintains pipeline at £30.8bn

28 February 2017 07:35

Engineering services group Babcock's full-year outlook remains unchanged.

The group says that tracing since the start of October has been in line with expectations and that in addition to continuing to progress existing contracts, new order intake remained strong, maintaining the order book and pipeline at £30.8bn.

It said the longer-term tracking pipeline has increased in size over the period and continues to provide significant opportunities for growth over the medium term.

Looking ahead, the group said the he second half of the year has continued to see trading in line with expectations as reported at the half year results and the board continued to expect good opportunities for growth.

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