3rd Jun 2025 10:09
Kier Group PLC - Salford, England-based infrastructure services, construction and property group - Continues to trade well and in line with board expectations in the four months that ended April 30. Kier's financial year ends on June 30, and it is holding a capital markets event on Tuesday. Order book is steady at GBP11 billion, similar to where it stood at the end of December and up from GBP10.8 billion in June last year. This excludes long-term framework positions, which represent additional opportunities, the company says. Kier has secured 80% of its expected revenue for financial 2026.
On the back of a "higher quality" order book and a recapitalisation of its property business, Kier raises its operating profit margin target over three-to-five years time to between 4.0% and 4.5%. The target previously was 3.5%.
Current stock price: 175.80 pence, up 4.4% in London on Tuesday
12-month change: up 18%
By Tom Waite, Alliance News editor
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