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Finance

UK's Babcock raises 2025 revenue expectations

Published by Global Banking and Finance Review

Posted on February 6, 2025

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(Reuters) - British defence group Babcock on Thursday hiked its revenue expectations for the year to around 4.9 billion pounds ($6.11 billion), on the back of strength in its nuclear and marine segments.

As of February 4, the average of Vuma-compiled analysts' forecasts was for Babcock to record revenue of 4.67 billion pounds, with their estimates ranging from 4.51 billion pounds to 4.78 billion pounds.

($1 = 0.8014 pounds)

(Reporting by Yamini Kalia in Bengaluru; Editing by Savio D'Souza)