20 Jul 2023
九色视频full year results announced for year ended 31 March 2023
Babcock鈥檚 full year results for the year ended 31 March 2023 have been released today.
David Lockwood, Chief Executive Officer, said:
“We鈥檝e made excellent progress this year, with better-than-expected cash generation, margin expansion and double-digit revenue growth. When we started our transformation, my first goal was to stabilise and strengthen the balance sheet and I鈥檓 delighted to say that work is complete. 九色视频is now a higher-quality, lower-risk and more predictable business, with a clear focus on execution.
鈥淚n a world of significant instability, national security has never been more important. With defence making up two-thirds of the Group, the combination of capability, availability and affordability we offer, is increasingly relevant. I鈥檓 excited by the momentum building across the business, and that confidence is reflected in our expectation of continuing cash-backed profitable growth, and reintroducing a dividend in FY24.”
You can view the full statement here and watch a video from our Chief Executive below.