.gif)
The statement comes in advance of its results for the year ended 31 December 2010 which will be announced in March.
Then order book stands at £15bn and average cash in the second half of the year topped £400m, compared to £342m for the same period in 2009.
With its international spread, the construction services division performed well overall, despite weakness of the UK market.
Support services has won substantial new contracts but was impacted, as anticipated, by a slow start-up of AMP5 contracts in the water utilities sector which has continued through the second half.
The company said “Balfour Beatty is strategically well-placed in major markets to benefit from the long-term growth in global infrastructure spending. The group’s order book, its capabilities across the infrastructure lifecycle and its operations in diverse markets and geographies give the business strength and resilience. We remain confident about the outlook for the group.”
Got a story? Email news@theconstructionindex.co.uk
