Keller Group PLC Interim Results (3045K)
29 Juli 2013 - 8:00AM
UK Regulatory
TIDMKLR
RNS Number : 3045K
Keller Group PLC
29 July 2013
Monday, 29 July 2013
Keller Group plc
Interim Results for the six months ended 30 June 2013
Keller Group plc ("Keller" or "the Group"), the international
ground engineering specialist, announces its interim results for
the six months ended 30 June 2013.
Results summary:
---------------------------- ---------- ----------
2013 2012
---------------------------- ---------- ----------
Revenue GBP644.6m GBP613.8m
---------------------------- ---------- ----------
Operating profit* GBP28.6m GBP13.3m
---------------------------- ---------- ----------
Profit before tax* GBP26.8m GBP11.0m
---------------------------- ---------- ----------
Earnings per share* 28.1p 12.4p
---------------------------- ---------- ----------
Interim dividend per share 8.0p 7.6p
---------------------------- ---------- ----------
* before exceptional items.
Highlights include:
-- Revenue up 5% and operating profit* more than doubled
-- Strong margin improvement reflects:
o successful completion of major projects
o cost reduction measures
o business improvement initiatives
-- Cash generated from operations of GBP30.2m (2012: GBP9.0m)
-- Completion of North American Piling acquisition gives the
Group a market-leading position in Canada
-- Interim dividend increased by 5% to 8.0p per share (2012: 7.6p)
Justin Atkinson, Keller Chief Executive said:
"This is a much improved first-half performance, with three out
of four of the Group's divisions significantly more profitable than
in the same period last year.
"We expect revenue in the second half to be broadly flat year on
year, after adjusting for the effect of acquisitions. However,
through careful contract selection and further benefit from our
business improvement initiatives, we also expect to report an
improved margin, taking us closer towards our 6% target.
"Accordingly, the Group's results for the full year are expected
to be towards the top end of current market expectations."
For further information, please contact:
Keller Group plc www.keller.co.uk
Justin Atkinson, Chief Executive 020 7616 7575
James Hind, Finance Director
RLM Finsbury
Gordon Simpson, Rowley Hudson 020 7251 3801
A presentation for analysts will be held at 9.15 for 9.30am at
The London Stock Exchange, 10 Paternoster Square, London, EC4M
7LS
A live audio webcast will be available from 9.30am and, on
demand, from 2.00 pm at
http://www.axisto-live.com/investis/clients/keller/presentations/51dbfa667614b00e4b013fbb/interim-results-2013
Forward-looking Statements
This statement contains forward-looking statements which have
been made in good faith based on the information available at the
time of its approval. It is believed that the expectations
reflected in these statements are reasonable, but they may be
affected by a number of risks and uncertainties that are inherent
in any forward-looking statement which could cause actual results
to differ materially from those currently anticipated.
Notes to Editors:
Keller is the world's largest independent ground engineering
specialist, providing technically advanced and cost-effective
foundation solutions to the construction industry. With annual
revenue of around GBP1.4bn, Keller has approximately 7,500 staff
world-wide.
Keller is the clear market leader in the US and Australia; it
has prime positions in most established European markets; and a
strong profile in many developing markets.
Please click the link below to access the full statement
http://www.rns-pdf.londonstockexchange.com/rns/3045K_1-2013-7-26.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
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