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IN BRIEF: Kier backs medium-term outlook as trading meets expectations

24th May 2022 14:52

Kier Group PLC - Manchester-headquartered construction firm - Says it performed "well" in the period to April 30 from January 1, despite inflationary pressures. Says its order book stood at GBP8.5 billion on March 31, reflecting an increase of 6.3% from GBP8.0 billion on December 31. Continues to trade in line with its own expectations. Confident in achieving its medium-term targets, which include revenue of GBP4 billion to GBP4.5 billion and an adjusted operating profit margin of 3.5%.

Current stock price: 75.90 pence

12-month change: down 31%

By Abby Amoakuh; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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