Leo Quinn joined Balfour Beatty as chief executive at the start of 2015 with instructions to save the company after its £304m loss in 2014. He says that he expects the company to be achieving ‘industry-standard margins’ within the year.
Leo Quinn said: "The actions that we have taken during the first three years of Build to Last have laid a solid foundation for long term profitable growth. We continue to invest in our capabilities while de-risking the business.
"The order book increasingly consists of projects bid and delivered under our enhanced transparency, governance and controls and I remain confident that the group will achieve industry-standard margins in the second half of 2018."
Balfour Beatty's full year 2017 results will be published in March 2018.
Thank you for reading this story on The Construction Index website. Our editorial independence means that we set our own agenda and where we feel it necessary to voice opinions, they are ours alone, uninfluenced by advertisers, sponsors or corporate proprietors.
Inevitably, there is a financial cost to this service and we now need your support to keep delivering quality trusted journalism. Please consider supporting us, by purchasing our magazine, which is currently just £1 per issue. Order online now. Thanks for your support.