2nd May 2006 07:03
Keller Group PLC02 May 2006 For immediate release Tuesday, 2 May 2006 Keller Group plc Trading Update Keller Group plc ("Keller" or "the Group"), the international ground engineeringspecialist, today announces a trading update for the current financial year todate. The results for the first three months of 2006 were exceptionally good, withstrong sales growth and significantly higher margins than in the same periodlast year. This performance has continued into April. Order intake was also very strong, taking the current order book to a recordlevel, at six months' budgeted sales. These results reflect another outstanding performance in the US, where weatherconditions were benign and markets remain strong. In Continental Europe &Overseas, the results were well above last year's level. The Group's Germanoperations had a promising start to the year, helped by improving marketconditions. The strength of trading in the year to date, combined with the record orderbook, lead the Board to believe that Keller's results for the six months ending30 June 2006 will be substantially higher than for the same period last year. In light of this exceptionally good start, the Board is now confident that 2006will be another excellent year, with sales in excess of £800 million and profitsahead of last year. A further update on trading will be provided at the time of the Group's AGM, tobe held on 22 June 2006. Justin Atkinson, Chief Executive, commenting, said: "An excellent start to the current financial year means that we now expect tobeat last year's record results. This gives us a strong platform from which tocontinue our strategy of further consolidating our global leadership inspecialist ground engineering services." For further information, please contact: Keller Group plc 020 7616 7575Justin Atkinson, Chief ExecutiveJames Hind, Finance Director Smithfield 020 7360 4900Reg Hoare This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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