Balfour Beatty Plc (BBY.L) provided interim management statement for the first quarter of 2012.
According to the company, overall, performance had been consistent with the outlook given at the time of the full-year results. The company's order book, supported by good wins in the international businesses and growth verticals, had been maintained at a level in excess of 15 billion pounds and continues to give it good visibility.
Balfour Beatty stated that it is seeing some signs of recovery in the US, supported by positive leading indicators for the fifth consecutive month, which the company would expect to benefit order intake later in the year. As anticipated, the UK construction market remains challenging, the company added.
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