Britain’s biggest contractor will update analysts today on its medium-term strategy to target resources on the global infrastructure market.
The move is part of a charm offensive against the City after a profit warning on the UK construction business last month sent shares tumbling.
Chief Executive, Ian Tyler, said: “We have been driving a focused strategy to take advantage of the growth in global infrastructure.
“We will continue to shift our business to less cyclical, more resilient economic infrastructure markets, which today account for 60% of our order book – up from 43% in 2009.
“The share of Group revenue from faster growing markets outside Europe and North America has already increased from 9% to 13%. We expect these markets to make up at least 25% of the Group’s revenue in the medium term.
“While pursuing this strategy, we will continue to shift our capital into professional services, and we remain confident of achieving our 6-7% margin target for this business by 2015.
“Successful implementation of our strategy will transition Balfour Beatty into a stronger player in our chosen verticals in both our current and target geographical markets which are expected to deliver better margins and sustainable growth.”