New Balfour Beatty chief executive Philip Hoare has praised the "pride, care and passion" of his team as the company revealed it is on track to meet its full-year earnings predictions.
In an update issued this morning, the international infrastructure group said revenue is expected to be up 5% on 2024, while its order book is likely to achieve 20% growth.
Strong progress in UK energy and US buildings has seen expected revenue rise to £10.5billion.
UK construction, where the ongoing momentum in the UK energy market has contributed to over £3.5billion of new power generation orders in the year, has seen Balfour Beatty's expected order book grow to more than £22billion.
Philip Hoare, Balfour Beatty Group Chief Executive, said: "In my first three months at Balfour Beatty, I've been delighted to see first-hand the pride, care, and passion on which the company is built, and the team's depth of talent and technical expertise has genuinely exceeded my expectations.
"These values and capabilities, alongside exciting opportunities in our end-markets, a high-quality order book and disciplined risk processes, give the Group a powerful platform to shape the next chapter of growth and deliver lasting value for all our stakeholders.
"Our immediate priority is to finish 2025 strongly, while laying the groundwork for further progress in 2026, where I expect the Group to continue on its journey of delivering PFO growth from its earnings-based businesses.
"In addition, we are reaffirming our commitment to shareholder returns and confirming a further share buyback for 2026."
FTSE100
The UK's flagship share index, the FTSE 100, held at 9,689 shortly after opening this morning.
Brent crude oil futures were up 0.19% at $62.79 a barrel.
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