Babcock trading in line; sees strong order book

Engineering services company Babcock said it had traded in line with expectations and the outlook for the full year remained unchanged.

In a trading update for the quarter to the end of February, Babcock said that in addition to continuing to progressing existing contracts, new order intake remained strong, maintaining its order book and pipeline at £30.8bn.

“The longer-term tracking pipeline has increased in size over the period and continues to provide significant opportunities for growth over the medium term,” Babcock said.

“The second half of the year has continued to see trading in line with our expectations as reported at the half year results and the board continues to expect good opportunities for growth.”