Babcock International Sees Strong Revenue and Profit Growth

Babcock International (GB:BAB) has released an update.

Babcock International reported robust performance for the first half of 2024, with an 11% increase in revenue to £2,409 million, driven by significant growth in its Nuclear and Land sectors. The company achieved a 10% rise in underlying operating profit to £169 million and improved its net debt position, highlighting strong financial health and strategic progress amidst a challenging geopolitical landscape. This performance supports Babcock’s medium-term outlook for steady revenue growth and enhanced shareholder value.

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