Marcin Karol Wojtal's questions to Balfour Beatty plc/ADR (BAFBF) leadership • Q2 2017
Question
Marcin Karol Wojtal of Bank of America asked about the drivers for margin improvement in Support Services given the revenue decline, and questioned the company's capacity and potential win ratio for upcoming HS2 tenders.
Answer
CFO Philip J. Harrison attributed the margin improvement to cost-cutting in power and gas/water, as well as favorable timing in the gain-share cycle for gas and water contracts. Group Chief Executive Leo M. Quinn expressed strong interest in future HS2 tenders for rail systems and the Crewe extension, stating that the company has been strategically investing in key skills and capabilities to absorb the work.