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Babcock Worldwide Group PLC (OTCPK:BCKIF) Q2 2025 Earnings Convention Name November 13, 2024 4:00 AM ET
Firm Individuals
David Lockwood – Chief Govt OfficerDavid Mellors – Chief Monetary Officer
Convention Name Individuals
Sam Burgess – CitiSash Tusa – Company PartnersJoel Spungin – InvestecChristopher Bamberry – Peel HuntDavid Perry – JPMorgan
David Lockwood
All proper then. So good morning, everybody. Welcome to our Half 12 months Outcomes for the Six Months to thirtieth September 2024. Clearly, this can be a outcome for six months, however we solely stood up doing a enterprise replace 12 weeks in the past for the total yr.
And we have had the AGM assertion as nicely since then. So this can be sort of a complete stroll by way of the numbers from David after which sort of what’s occurred since we final spoke to you from me.
For the six months, efficiently delivered efficiency and development. We’ll contact on it quite a bit between us, however we mentioned, after we first began in Babcock, efficiency drives development in an organization like Babcock, as a result of now we have numerous body contracts the place prospects have numerous discretion about whether or not or to not take elective work. So in case you’re performing badly, they do not, in case you’re performing nicely, they do. These frames then generate additional development.
So when it comes to securing the place of the corporate efficiency is the bedrock of development. In order that’s why these are in that sequence. We did ship 11% natural income development within the interval. Order ebook broadly flat, however as David will discuss by way of as he goes by way of the element, largely pushed by consuming body contracts, as a result of our order consumption is essentially lumpy.
And certainly, in some methods, the lumps get greater, the most effective you carry out as a result of in case you’re performing nicely in a assist contract, folks have a tendency
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