TIDMBAB

RNS Number : 6936H

Babcock International Group PLC

19 November 2018

19 November 2018

Babcock International Group PLC (Babcock or the Group)

Babcock, the engineering services company, would like to provide clarification following a report by Sky News regarding exceptional items likely to be included in the Group's half year results announcement on 21 November 2018.

As indicated to the market in its most recent Trading Update of 19 September 2018, Babcock is currently undertaking a programme to strengthen the Group by exiting a number of small, low-margin businesses, including the Appledore shipyard, and is reshaping its oil and gas business. We announced at that time that we would provide an update on these activities at our half year results. Whilst the exact impact of these actions has yet to be determined by the Board, we do not expect the net cash costs to be material.

Ends

For further information please contact:

 
 Babcock International Group PLC 
 Simon McGough                     Kate Hill 
  Director of Investor Relations    Group Director of Communications 
  Tel: +44 (0)20 3 235 5592         Tel: +44 (0)20 7355 5312 
 
 FTI Consulting 
 Andrew Lorenz 
  Nick Hasell 
 Tel: +44 (0)20 3727 1340

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END

MSCUWOURWSAAAUA

(END) Dow Jones Newswires

November 19, 2018 02:00 ET (07:00 GMT)

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