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Babcock sees steady organic growth, helped by international demand

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LONDON (Reuters) – British engineer Babcock <BAB.L> said it expected to deliver low mid-single digit organic revenue growth and stable margins in 2018/19 after international sales and a restructuring helped the group to hit its annual targets.

The company, which provides specialist support and services to groups including Britain’s Ministry of Defence, posted a 2.8 percent rise in underlying revenue to 5.4 billion pounds, in line with forecasts, while profit rose 3.6 percent to 512 million pounds.

(Reporting by Kate Holton; editing by Sarah Young)

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