Balfour Beatty plc. (BBY.L) provided an update on trading for the year ended 31 December 2009. Balfour Beatty said that overall, trading and the order book remain in line with its Interim Management Statement, when the company said that it expected 2009 to be a year of good progress and reported a high-quality order book of around £13.7 billion. The company said that its balance sheet and financial position remain strong, with average net cash for the second half of the year being in excess of £300 million.
The company said that it has benefited in 2009 from continued expenditure in infrastructure markets and finish the year with a strong order book. The company said that it remains confident about the prospects for the Group overall, in spite of the economic uncertainties in some of its markets.
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