Babcock International delivered a big jump in half-year profits, driven by double-digit organic growth in its nuclear division and an improvement in group margins.
The company, which provides engineering support to defence markets along with products like naval ship and weapons handling systems, said it remains on track to achieve its expectations for the full year.
Full-year guidance remains unchanged as the company still expects to deliver an underlying operating margin of 8% this year and is on track for its medium-term goals of mid-single digit revenue growth and margins of at least 9%.
Revenue over the six months ended 30 September rose 7% on an organic basis to £2.54 billion, with nuclear the standout performer.
Underlying operating profit increased 19% to £201.1 million, lifting the underlying margin from 7.0% to 7.9%, with every division contributing.
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