REG - Babcock Intnl Group - Capital Markets Day

Babcock InternationalAnnouncement

07/02/2024 07:00

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RNS Number : 2515C  Babcock International Group PLC  07 February 2024

7 February 2024

 

Babcock International PLC

 

Capital Markets Day

 

Babcock International Group PLC ("Babcock" or "the Group") will today host a
Capital Markets Day for institutional investors and analysts at Devonport
Royal Dockyard, Plymouth.

 

Chief Executive Officer, David Lockwood and Chief Financial Officer, David
Mellors will be joined by a range of senior leaders from across the Group to
provide further detail on the Company's strategy to deliver high-quality
profitable growth.

 

The event will demonstrate the critical role Babcock plays in the defence
industry, and outline:

 

•     How its differentiated business model meets customer requirements
of availability, affordability and capability;

•     Its position as a key supplier to governments; with deep platform
knowledge, engineering know-how and customer relationships which support
sustainable profitable growth;

•     Its ability to drive margin improvements from enhanced operational
performance, technical and programme risk management and the unwind of legacy
contracts.

 

On 14 November 2023 the Company published its half-year results highlighting a
strong start to the year. The Board's expectations for another year of organic
revenue growth, underlying operating margin expansion and positive cash flow
generation are unchanged, and we continue to build momentum to achieve the
medium-term guidance.

 

Capital Markets Day details

 

The Capital Markets Day is for institutional investors and analysts.
Presentations will start today at 8:30am.

 

There will also be a live webcast www.babcockinternational.com/investors
(http://www.babcockinternational.com/investors) for attendees who wish to join
the event virtually. A copy of the presentation will be available on Babcock's
website with the on-demand webcast available via the same link.

 

No new information on trading will be shared at the event.

 

ends

 

 

 

 For further information:

 Andrew Gollan, Babcock Director of Investor Relations      +44 (0)7936 039 004
 Kate Hill, Babcock Group Director of Communications        +44 (0)7899 792 991
 Olivia Peters / Harry Cameron, Teneo                       +44 (0)20 7353 4200

 

 

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