Andrew Thomas Nussey's questions to Balfour Beatty plc/ADR (BAFBF) leadership • Q2 2017
Question
Andrew Thomas Nussey from Peel Hunt questioned the order book impact from the HS2 win, the expected trend for the order book across different segments, and how much of the announced cost savings would be reinvested versus flowing through to profit.
Answer
CFO Philip J. Harrison clarified that the bulk of the HS2 order value will not be booked until late 2018 or early 2019. Group Chief Executive Leo M. Quinn projected growth for the Rail business and a flat-to-steady outlook for the Regional business. Regarding costs, Quinn estimated the majority of H1 savings and about half of H2 savings would flow through to profit.