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IN BRIEF: Keller retains full-year outlook as markets start to firm

19th May 2021 13:10

Keller Group PLC - London-based geotechnical contractor - Holds full-year expectations, with improving market conditions and a more positive outlook offsetting headwinds from a stronger pound. Trading in year-to-date slightly ahead of company's expectations, albeit lower than a strong comparative period last year.

"Whilst some soft spots remain, markets generally are beginning to firm, and the board's expectations for the full year remain unchanged, with the usual second half bias, reflecting the increasing market confidence and trading momentum as the year progresses," company says, adding that the order book is above GBP1 billion.

Current stock price: 822.00 pence, down 2.4% on Wednesday

Year-to-date change: up 18%

By Lucy Heming; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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Keller
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