16th Nov 2015 07:44
LONDON (Alliance News) - Ground engineering company Keller Group PLC on Monday said it is on track to meet market expectations for 2015 after an in-line second half so far.
The FTSE 250-listed company, which provides engineering services for ground structures, primarily for construction projects but also for underground structures, said said overall trading in the four months to the end of October had been in line with its expectations.
Revenue was lower due to weaker sales from major projects, but operating profit was higher thanks to solid operational progress and some good final project settlements, particularly in the US, the company said.
Keller said its order book at the end of October was around 20% higher year-on-year, or up 15% on a like-for-like basis.
The company said that while conditions remain challenging in many of the markets in which it operates, the US construction sector, is key end market, is still healthy. As a result, Keller said it remains confident it will meet market expectations for 2015.
By Sam Unsted; [email protected]; @SamUAtAlliance
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