Keller Group PLC Interim Results (7495I)
July 30 2012 - 2:00AM
UK Regulatory
TIDMKLR
RNS Number : 7495I
Keller Group PLC
30 July 2012
Monday, 30 July 2012
Keller Group plc
Interim Results for the six months ended 30 June 2012
Keller Group plc ("Keller" or "the Group"), the international
ground engineering specialist, announces its interim results for
the six months ended 30 June 2012.
Results summary:
-------------------------- ---------- ----------
2012 2011
-------------------------- ---------- ----------
Revenue GBP613.8m GBP545.5m
-------------------------- ---------- ----------
Operating profit GBP13.3m GBP6.4m
-------------------------- ---------- ----------
Profit before tax GBP11.0m GBP3.4m
-------------------------- ---------- ----------
Earnings per share 12.4p 4.6p
-------------------------- ---------- ----------
Total dividend per share 7.6p 7.6p
-------------------------- ---------- ----------
Highlights include:
-- Much improved Group result, with three out of four divisions ahead of last year
-- Revenue up by 13%
-- Operating profit more than doubled
-- Continued market recovery in the US, the Group's biggest single market
-- US revenue up by 27% in constant currency
-- Good progress on business improvement initiatives
-- Net debt of GBP118.9m (2011: GBP127.8m), representing 1.5x annualised EBITDA
-- Interim dividend maintained at 7.6p per share
-- Strong order book, 27% ahead of this time last year
-- Work to be executed in next 12 months up by around 20%
Justin Atkinson, Keller Chief Executive said:
"These results show a strong improvement overall, with three out
of four of the Group's regions performing significantly better than
at this time last year. In addition to the usual seasonal
improvement, a recent stepping up of production on several of our
major projects will help to support a stronger second half.
"Accordingly, the Group's results for the full year are expected
to be slightly ahead of the top end of the range of market
expectations.
"However, there remains much uncertainty around the
macroeconomic outlook and conditions in our construction markets
around the world continue to be mixed. Longer term, the Group's
geographic diversification and strong financial position, together
with the ongoing business improvement initiatives, make it well
placed to take advantage of growth opportunities in both existing
and new markets."
Please click the following link to view the full Interim Results
statement
http://www.rns-pdf.londonstockexchange.com/rns/7495I_1-2012-7-27.pdf
For further information, please contact:
Keller Group plc www.keller.co.uk
Justin Atkinson, Chief Executive 020 7616 7575
James Hind, Finance Director
Finsbury
James Leviton, 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.keller.co.uk/keller/investor/result-centre/latest-results/
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 GBP1.2bn, Keller has around 7,000 staff
world-wide.
Keller is the market leader in the US and Australia; it has
prime positions in most established European markets; and a strong
profile in many developing markets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR UBABRUVABUAR
Keller (LSE:KLR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Keller (LSE:KLR)
Historical Stock Chart
From Jul 2023 to Jul 2024