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If you are not familiar with BALFOUR BEATTY, it is the UK's second largest construction and engineering company. It is listed on the London Stock Exchange. The company recently announced that it is on track to return to a pre-pandemic COVID-19 level of activity.
Indeed, the group said that operating profit for its construction services and support activities would be on a par with 2019 at £172m. Revenues, including those from joint ventures (including Vinci), are estimated at £8.4bn. Chief Executive Leo Quinn is therefore forecasting a positive outlook for the year end and beyond. He is encouraged in his statement by recent successes. Its Gammon subsidiary has won contracts for projects in Hong Kong and Singapore and Balfour Beatty expects to have an order book of £15.5 billion by the end of the year.
It must be said that the market is globally dynamic despite the shortage of raw materials. It is even struggling to fill its job vacancies.
One of the challenges facing the construction sector is to improve its environmental practices, both in terms of energy consumption and the treatment of waste from construction sites. The figures on which companies, institutions and experts agree are impressive: the building industry (construction) accounts for around 40% of CO2 emissions in developed countries, 37% of energy consumption and 40% of waste produced.
A dynamic economic potential, but also a still under-exploited potential for reducing greenhouse gas emissions and waste.
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