Keller Group PLC Update on APAC trading (7042D)
11 Oktober 2018 - 8:00AM
UK Regulatory
TIDMKLR
RNS Number : 7042D
Keller Group PLC
11 October 2018
For immediate release 11 October 2018
Keller Group plc ("Keller" or "the Group"):
Update on APAC trading
Keller announces that, as a consequence of deteriorating ASEAN
market conditions, notably in Malaysia, and the reassessment of
project performance in ASEAN and Waterway as a result of recent
changes of the management in those two business units, it is now
expected that the APAC division will make a pre-tax loss of between
GBP12m-GBP15m in the full year to 31 December 2018, in contrast to
the previous expectation of a small profit.
As a consequence the Group is undertaking a strategic review of
the affected business units and will update the market in due
course with the outcome of the review.
In all other respects, the Group's trading results for the 2018
financial year remain in line with the Board's expectations.
For further information, please contact:
Keller Group plc
Alain Michaelis, Chief Executive
Officer
Michael Speakman, Chief Financial
Officer
Victoria Huxster, Head of Investor
Relations 020 7616 7575
Finsbury
Gordon Simpson 020 7251 3801
Notes to Editors:
Keller is the world's largest geotechnical contractor, providing
technically advanced geotechnical solutions to the construction
industry. With annual revenue of around GBP2.0bn, Keller has
approximately 11,000 staff world-wide. Keller is the clear market
leader in the US, Canada, Australia and South Africa; it has prime
positions in most established European markets and a strong profile
in many developing markets.
For more information, please go to:
http://www.keller.com/investors.aspx and
http://www.keller.com/investors/investment-case.aspx.
LEI: 549300QO4MBL43UHSN10
Classification: Inside Information (DTR 6 Annex 1)
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations. On the publication of this
announcement via a Regulatory Information Service ("RIS"), this
information is considered to be in the public domain.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
UPDGGGMGUUPRUAG
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