Babcock trading in line, upbeat outlook

9th Jul 2009 07:35

Engineering support services company Babcock International said the new financial year has started well and trading so far has been in line with company expectations.The group added that it expects another year of 'excellent progress'."The major markets in which we operate remain resilient and we remain confident they will continue to provide significant opportunities for growth," the group said in a company statement.Babcock said its order book has increased to around £6bn on the back of new contract wins. "The strength of our order book combined with a robust bid pipeline provides us with excellent long-term visibility and security of future revenues," the group added.