18th Nov 2021 11:24
Keller Group PLC - London-based geotechnical contractor - Expects to report 2021 performance in line with forecasts. Highlights that trading has largely continued as anticipated since August and that solid performance is underpinned by an order book that remains at a record level of around GBP1.2 billion. Says that in North America the recovery of trading post Covid-19 is most advanced, while trading across Europe is in line with expectations. The recovery of trading in Asia-Pacific, the Middle East and Africa remains the most challenging, especially in the Australia, Middle East and Africa businesses with countries still relying on lockdowns and restrictions in advance of vaccination programmes, Keller says.
Chief Executive Michael Speakman comments: "Keller is performing well in the current environment, despite various challenges, and we continue to have a strong order book and to make good progress on our strategic initiatives. Overall, our outlook for the full year remains in line with market expectations."
Keller will announce its full year results on 8 March.
Current stock price: 898.00 pence, down 0.1% on Thursday
Year-to-date change: up 29%
By Will Paige; [email protected]
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