We are the world's largest independent ground engineering specialist, renowned for providing technically advanced and cost effective foundation solutions. Our reputation is built on engineering excellence and a commitment to continual innovation.

Our services are used across the construction sector in infrastructure, industrial, commercial, residential and environmental projects. We have unrivalled coverage in Europe, North America, Australia, and South Africa and a growing presence in Asia, the Middle East and Latin America.

With an annual turnover of £1.5bn, we have around 9,000 staff world-wide with offices in more than 40 countries.

Our businesses
http://www.keller.co.uk/aboutkeller/businesses.aspx







Keller adds 7.3 percent after the engineering company reports first-half profits that more than trebled from a year ago.

"Keller's interim results show that the group is now back on the front foot after several difficult years of unprecedented volume declines in most of its key markets," Numis Securities says in a research note.

Numis maintains an "add" rating on Keller shares, while Investec keeps a "buy" rating, describing Keller's results as an "encouraging set of interims."

http://www.moneyam.com/action/news/showArticle?id=4417121
Highlights include:



· Much improved Group result, with three out of four divisions ahead of last year

· Revenue up by 13%

· Operating profit more than doubled



· Continued market recovery in the US, the Group's biggest single market

· US revenue up by 27% in constant currency



· Good progress on business improvement initiatives



· Net debt of £118.9m (2011: £127.8m), representing 1.5x annualised EBITDA



· Interim dividend maintained at 7.6p per share



· Strong order book, 27% ahead of this time last year

· Work to be executed in next 12 months up by around 20%

Major US Contract Award
24 July 2012

Keller Group plc (“the Keller Group”), the international ground engineering specialist, announces that it has been awarded a contract worth approximately US$41m (£26m) to construct piles for a transmission line project in New Jersey.

The North Central Reliability Project covers a section of transmission line which is more than 50 years old and requires not only replacement, but also upgrading to carry higher voltage.

Two Keller Group companies, Case Foundation and McKinney Drilling, will install drilled shaft foundations for new monopole towers to replace the old lattice towers.

This critical line can only be taken out of service for brief intervals and, to minimise the outage, the foundations will be installed beneath the existing transmission wires, for which our equipment has been specially configured.

Approximately two thirds of our work is expected to be completed this year.

Justin Atkinson, Keller Chief Executive, commented:

“We are delighted to have been selected by Public Service Electric & Gas to work on this important project. This upgrade is one of many major US transmission line projects either in planning or currently underway, which are helping to support the recovery in US construction markets.

“The recent awards of this and other power-related work in the US demonstrate excellent progress against our objective of growing our market share in this vibrant sector.”

Keller Group climbed from 361.5p at the end of June to end July on 466p, for a rise of 29%. We expected strong interim results from the ground engineer, and they did not disappoint on 30 July, with a 13% rise in revenues and pre-tax profits trebled to £11m.

Full-year profits are expected to be at the top end of forecasts, and we're looking at a dividend of 5.2% for 2012, rising to 5.3% by December 2013.

The interim net debt figure stood at £119m, but that was down on last year's half-time level of £128m, and represents 1.5x annualised EBITDA. On those measures it doesn't look too bad, but it's still around 40% of the company's market cap. Still, those dividends do suggest the shares are cheap.

Keller Group briefly hit a new 52-week high this morning of 530p, beating yesterday's high point of 521p. Shares in the ground engineering specialist have had a great year, being down around 240p before Christmas, meaning they've more than doubled since then.

The latest surge was driven by half-year results, which showed revenue up by 13% and operating profit more than doubling. Full year forecasts put the shares on a price-to-earnings (P/E) ratio of 14, which is close to the long-term FTSE average -- but there's a sweetener in the form of an expected 4.5% dividend yield.

Nice and steady daily rises.

:-))

Capital Markets Day
16 October 2012

Keller Group plc (“Keller” or “the Group”), the international ground engineering specialist, is today hosting a Capital Markets Day in London for analysts and investors.

The purpose of the event is to update the market on how the Group’s strategy is being implemented and on developments in Keller’s four divisions. Presentations will be given by the Group’s four Divisional Managing Directors.

The presentations will also appear on Keller’s website from 3.30pm at http://www.keller.co.uk/investor/result-centre/results-archive/2012pres.aspx

No new material information will be disclosed and no updates on current trading will be given.

Keller Group plc Capital Markets Day 16 October 2012 -
Keller Australia
http://www.keller.co.uk/~/media/Files/K/Keller/investor/presentations/2012pres/capital-markets-day-australia-16-10-2012.pdf


Keller Group plc Capital Markets Day 16 October 2012
Keller Asia -


http://www.keller.co.uk/~/media/Files/K/Keller/investor/presentations/2012pres/capital-markets-day-asia-16-10-2012.pdf




Keller Group plc Capital markets Day 16 October 2012
Keller North America

http://www.keller.co.uk/~/media/Files/K/Keller/investor/presentations/2012pres/capital-markets-day-north-america-16-10-2012.pdf





Keller Group plc Capital Markets Day 16 October 2012
Keller EMEA



http://www.keller.co.uk/~/media/Files/K/Keller/investor/presentations/2012pres/capital-markets-day-EMEA-16-10-2012.pdf

Keller: Jefferies keeps buy rating and 651p target.

Recovering nice and steady.

pushing north

Excellent find DC.

Thanks skinny, not got them all right but one or two look good at the moment, thanks again.

Engineer Keller Group has also had a great year, with its shares on a new 12-month high of 620p, giving shareholders a two-and-a-half bagger from their low of 240p last December.

The firm's interim results released in July showed a threefold increase in pre-tax profits and eps, though the dividend was maintained at 7.6p per share. There's a payout of around 3.7% forecast for the full year to December, though once again the shares are on a forward P/E of 16.

Final Thursday 15 Nov

RNS Number : 1648R

Keller Group PLC

15 November 2012






For immediate release Thursday, 15 November 2012



Keller Group plc

Interim Management Statement



Keller Group plc ("Keller" or "the Group"), the international ground engineering specialist, issues this Interim Management Statement covering the period from 1 July to 14 November 2012.



Overview



The Group has performed strongly in the four months to the end of October, with results exceeding the Board's expectations and ahead of the same period last year. Accordingly, our second-half results are expected to build on the improvements we reported in the first half of 2012.



This further progress is being driven primarily by our North American business where we are taking advantage of a gradual improvement in the construction market. In Asia, the Group is also trading well and elsewhere in the world, where market conditions are more challenging, our businesses are proving resilient: in EMEA, actions taken in the first half of the year will result in a much improved second half, whilst Australia is trading ahead of last year. All divisions have seen further benefits from the business improvement initiatives announced in February, particularly those focusing on strengthening risk management and increasing our participation in large projects.



For the Group as a whole, project awards since the half year have remained at a healthy level and the order book at the end of October was around 10% above last year.



The Group's 2012 full-year revenue is expected to be around £1.3bn, in line with market expectations. However, the Board now expects the 2012 full-year profit before tax to be significantly above the current range of market expectations.



Divisional Review



North America



The US construction market as a whole continues to show solid growth, albeit not at the levels experienced in the first few months of 2012, which benefitted from very benign weather. In the nine months to the end of September, residential construction was up 12% year-on-year and new housing starts were up around 25%. Non-residential construction was up by 7% in the same period. This growth was driven entirely by private expenditure; public expenditure on construction was down 3% year-on-year. Within private construction spend, the power segment has remained particularly strong and our focus on transmission line work means that we have been able to increase our exposure to this segment.



Against this backdrop, our North American business has been busy, with revenue growth for the financial year expected to outperform the growth in the construction market as a whole for 2012. The first-half recovery in Suncoast is continuing through the second half, with profitability steadily improving as volumes increase. Within our foundation contracting businesses, despite continuing overcapacity in many regions and market segments, margins are improving as the Group benefits from the refocusing of our business and our emphasis on higher-margin segments. The 2012 results have also benefitted from a good performance on several large projects.



Whilst we experienced some short-term disruption to our businesses in the North East of the US as a result of Hurricane Sandy, this is not expected to have a material impact on financial performance.



Europe, Middle East & Africa (EMEA)



In Europe, market conditions remain very challenging in most markets. Within the Middle East, Saudi Arabia has remained steady and we are seeing recent signs of increased activity in other parts of the region.



Across our EMEA division, we have cut costs and restructured businesses to a size and structure commensurate with their depressed markets. These measures, together with good progress on our major infrastructure projects in the UK and Poland, mean that the second-half result for the division will, as expected, be much improved on the first half.



Asia



Overall, our Asian markets have remained strong, helped by high levels of public spending on construction in Singapore and Malaysia. We have made excellent progress on our major project for Vale in Malaysia, which we are on track to complete in the first half of 2013. In India, a slowdown in the rate of economic growth, combined with high interest rates and political uncertainty, has pushed back several large infrastructure projects and led to lower volumes. For the region as a whole, the full year result should be in line with expectations.



Australia



The market conditions in Australia continue to reflect the two-speed economy, with the resources sector remaining strong, while infrastructure, commercial and residential remain depressed. Within the resources sector, the recent fall in iron ore prices has fed speculation as to whether forthcoming projects will go ahead as planned, although our existing LNG projects remain unaffected.



Our Australian business has made good progress on a number of large projects, including the Australia Pacific LNG Marine Off-loading Facility at Gladstone, where we are on target to complete our work ahead of schedule. In addition, we recently successfully completed our test piling programme for the major Wheatstone on-shore piling project.







Financial Position



There has been no material change in the financial position of the Group since the interim results announcement on 30 July 2012.



Outlook



For the Group as a whole, the full-year revenue is expected to be around £1.3bn, in line with market expectations. However, the Board now expects the 2012 full-year profit before tax to be significantly above the current range of market expectations.



Looking further ahead, at a macroeconomic level the outlook remains extremely uncertain. Europe continues to face a number of economic and political challenges, whilst the rate of growth in much of Asia appears to be slowing. In the US, where the construction market and economy as a whole are in the early stages of recovery, this recovery is threatened by the "fiscal cliff".



Despite this backdrop, the Board believes that corporate actions taken in recent years mean that the Group is better placed than ever to face whatever economic headwinds may materialise. Longer term, we remain confident that our strategy and our strengths will underpin sustained future growth.



Keller will issue a pre-close statement in respect of the year ending 31 December 2012 on 18 December 2012.

looks good,lets see at 8am

Going down good with investors up 9.5%

Keller will issue a pre-close statement in respect of the year ending 31 December 2012 on 18 December 2012.

Keller exceeds board's expectations

15 November 2012 | 08:56am

StockMarketWire.com - International ground engineering specialist Keller Group performed strongly in the four months to the end of October.

The group said results exceeded the board's expectations and were ahead of the corresponding period last year and its second-half results are expected to build on the improvements reported in the first half.

Keller says this further progress is being driven primarily by its North American business where its taking advantage of a gradual improvement in the construction market.

At 8:56am: [LON:KLR] Keller Group share price was +77.5p at 644.5p

FLASH: Numis upgrades Keller Group from add to buy, target price unchanged at 691p

15 November 2012 | 12:23pm

StockMarketWire.com -

Keller Group: Goldman Sachs upgrades from neutral to buy.

Interview with Justin Atkinson, Chief Executive

http://www.keller.co.uk/media.aspx

Watching the video, they seem to me to be counting on the USA turn around.

Keller: Panmure Gordon ups target price from 350p to 570p and maintains a hold rating.

Meantime, and on the company front, international ground engineering specialist Keller Group will release results on Tuesday. A series of upbeat trading statements have resulted in positive earnings momentum this year. While many of its end markets remain difficult, early action on costs and improving efficiency is working, Panmure Gordon wrote on Friday.

Another company on the crest of a wave is Keller (LON:KLR), the international ground engineering specialist, which raised earnings guidance last month.

"While many of its end markets remain difficult, early action on costs and improving efficiency is working. We expect confirmation of a good year with the pre-close update," said Andy Brown, an analyst with Panmure Gordon.

Brown reckons the key issues will be: the construction market outlook; industry capacity - particularly the US; utilisation rates.

07:00


Keller Group PLC - Year End Trading Update


PRN






For immediate release Tuesday, 18 December 2012



Keller Group plc

Year End Trading Update



Keller Group plc ("Keller" or "the Group"), the international ground
engineering specialist, is providing the following routine trading update in
advance of its results for the financial year ending 31 December 2012, to be
announced on 4 March 2013.

In our Interim Management Statement released on 15 November 2012 we reported
that the Group's 2012 full-year revenue was expected to be around £1.3bn, with
full-year profit before tax significantly above the then range of market
expectations.

Since then, overall market and trading conditions have remained largely
unchanged. Accordingly, the Board continues to expect that the full year
results will be in line with the guidance given in November.


For further information, please contact:

Keller Group plc
Justin Atkinson, Chief Executive 020 7616 7575
James Hind, Finance Director

Finsbury
James Leviton, Rowley Hudson 020 7251 3801




Forward-looking Statements

This document contains forward-looking statements which have been made in good
faith based on the information available at the time of its approval. It is
believed that the expectations reflected in these statements are reasonable,
but they may be affected by a number of risks and uncertainties that are
inherent in any forward-looking statement which could cause actual results to
differ materially from those currently anticipated.



Note to Editors

Keller is the world's largest independent ground engineering specialist,
providing technically advanced and cost-effective foundation solutions to the
construction industry. With annual revenue of around £1.3bn, Keller has
approximately 7,000 staff world-wide.

Keller is the market leader in the US and Australia; it has prime positions in
most established European markets; and a strong profile in many developing
markets.

Keller has today announced the appointment of Mr Paul Withers as Senior
Independent Director.

Very near to £7 now

No resistance at £7

A buy tip for 2013 in this weeks shares mag. Primed to benifit from an ongoing recovery in the US residential property market during 2013. After a 138.3% gain in 2012, Keller is one of the best performing FTSE All-share constituents. Analysts are looking for a £44 million pre-tax profit, but this represents a mere 7% improvement on 2012's expected £41million result.According to the estimates from investment bank jefferies, Keller generates around 43% of revenues from the US new build market. The company's £118.9 million debt figuremeans its both operationally and financially geared and it would only take a small positive surprise in revenues to prompt a sizeable profits upgrade. The stock still remains a long way off its £11.70 all-time high
achieved at the peak of the US property market in late 2007. Keller a buy in anticipation of a continuation in the recovery rally.

Strong buying.

Not near its all time high yet

Again - excellent find!

Thanks skinny, the company is riding on the US recovery. Some of my others have taken a hit/ bashing today.

Acquisition(s)
PRNW


For immediate release
Monday, 7 January 2013





Keller Group plc



Acquisition of Geo-Foundations Contractors, Inc. (Canada)





Keller Group plc ("Keller" or "the Group"), the international ground
engineering specialist, announces that the Group has acquired Geo-Foundations
Contractors, Inc. ("Geo-Foundations"), a Toronto-based specialist geotechnical
contractor.



The consideration, paid in cash from the Group's existing facilities, was
C$9.2m (£5.7m), including an estimated C$0.6m (£0.4m) of acquired net debt.



Geo-Foundations principally serves eastern Canada, where it offers design-build
solutions to the construction and mining industries. It has built a strong
engineering reputation and has grown its revenue to around C$20m (£12.4m) in
2012. The business specialises in micro-piling, ground anchors, and specialty
grouting services which, whilst well established in the US, are still
relatively new to the Canadian market. A combination of increasing market
acceptance of these techniques in Canada, along with the introduction of ground
improvement techniques and assistance from Keller's existing US business, is
expected to fuel significant growth over time.





Commenting on the acquisition, Justin Atkinson, Chief Executive of Keller,
said:



"Keller has worked in partnership with Geo-Foundations on a number of projects
in recent years, building a relationship of mutual respect. I am confident
that, together, we are well-positioned to fully exploit the opportunities in
this attractive market.



"This acquisition builds on our strong track record of expanding into higher
growth geographic regions through both organic growth and targeted
acquisitions."

The ftse small cap index has given great rewards in 2012 and I hope for 2013.
Keller outpaced the FTSE All-Share index by 141%, Findel 142% and Thomas cook 197%. (not convinced about TC, will it last?) . Picked 2 out of the three best. The hard bit now is to pick some for 2013. Greencore could be one.

£1 million and £2 million pound buys just come in.

:-))

may i ask when you got into this one DC, lovely chart.,.

They have just purchased a company. There should be a lot more in the tank yet, just at the back of your mind one piece of bad news and the sp pays a huge price.

weldone you.,.

Lets hope your Lonmin matches this.

up almost £1 in 2013 no pause at the moment, another 50p odd and we are getting towards the shares 5 yr high.

http://www.barchart.com/opinions/stocks/KLR.LS

Highlights include:



· Record revenue of £1,317.5m (2011: £1,154.3m), up 14%



· Profit before tax doubled to £43.5m (2011: £21.9m)



· Business improvement initiatives yielding good results



· Earnings per share of 45.9p (2011: 24.8p)



· Strong cash generation reduces year-end net debt to £51.2m (2011: £102.5m), representing

0.6x EBITDA (2011: 1.4x)



· Total dividend maintained at 22.8p, with dividend cover of 2.0x (2011: 1.1x)





Justin Atkinson, Keller Chief Executive said:



"These results reflect an improved performance in three of our four divisions, driven by a combination of the self-help measures taken across the Group and a strong performance by our business in North America, where market conditions continue to improve. Whilst our EMEA division faced very challenging markets across most of Europe, resulting in a first-half loss, its performance improved as the year progressed and it made a profit for the year as a whole.



"Overall, we are confident that 2013 will be another year of progress and that the measures we have taken, and continue to take, will further improve and develop our business





http://www.moneyam.com/action/news/showArticle?id=4547810

Keller doubles profit

4 March 2013 | 07:13am

StockMarketWire.com - Ground engineering specialist Keller Group reported record revenue of £1.317bn in the year to end-December, up 14% from £1.154bn the previous year.

Profit before tax doubled to £43.5m (2011: £21.9m).

Earnings per share were 45.9p (2011: 24.8p).

Strong cash generation reduced year-end net debt to £51.2m (2011: £102.5m), representing 0.6x EBITDA (2011: 1.4x)

Total dividend was maintained at 22.8p, with dividend cover of 2.0x (2011: 1.1x).

Justin Atkinson, CEO, said: "These results reflect an improved performance in three of our four divisions, driven by a combination of the self-help measures taken across the Group and a strong performance by our business in North America, where market conditions continue to improve. Whilst our EMEA division faced very challenging markets across most of Europe, resulting in a first-half loss, its performance improved as the year progressed and it made a profit for the year as a whole.

"Overall, we are confident that 2013 will be another year of progress and that the measures we have taken, and continue to take, will further improve and develop our business."



Story provided by StockMarketWire.com

As of Mar 02, 2013, the consensus forecast amongst 8 polled investment analysts covering Keller Group plc advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts improved on Oct 19, 2012. The previous consensus forecast advised investors to hold their position in Keller Group plc.

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 802.00. Over this period, the share price is up 90.53%.

Keller Group: Liberum Capital raises target price from 588p to 788p and maintains a hold recommendation.

Keller Group: Goldman Sachs moves target price from 980p to 1000p and leaves its buy recommendation unchanged.


As of Mar 22, 2013, the consensus forecast amongst 8 polled investment analysts covering Keller Group plc advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts improved on Oct 19, 2012. The previous consensus forecast advised investors to hold their position in Keller Group plc.

Ex dividend 3 April payment 11 May 15.2p

Came up on my system today and previously a couple of week back DC.

Featured it on Chart Attack thread but went for another, but may buy tuesday.

Looks to have some solid momentum and oscillators looking positive.

Thanks goldfinger. I will be singing from the roof tops if these hit 900p, will be 100% up. Happy Easter.

As of Mar 29, 2013, the consensus forecast amongst 8 polled investment analysts covering Keller Group plc advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts improved on Oct 19, 2012. The previous consensus forecast advised investors to hold their position in Keller Group plc.

Major Contract Award in Russia

RNS


RNS Number : 4014B

Keller Group PLC

03 April 2013






For immediate release 3 April 2013





Keller Group plc



Major Contract Award in Russia





Keller Group plc ("Keller" or "the Group"), the international ground engineering specialist, announces that it has been awarded its largest contract to date in Russia. Worth approximately RUB 1.6bn (£35m), the contract is for the preparation of a complete excavation pit for one of Russia's leading real estate development, construction and building materials companies.

The contract is part of the development of a new 46,000 m2 residential complex located in central Moscow. The development will comprise several multi-storey buildings constructed above shared, two-level underground parking for some 1,800 cars.

Keller will be responsible for the construction of approximately 17,000 m2 of diaphragm wall to provide excavation support, together with the associated strutting, earthworks, dewatering and foundation slab. Support for the project will come from Poland, where Keller has completed a number of excavation pits and developed significant major project expertise.

Work is expected to commence shortly and to complete in spring 2014.

Justin Atkinson, Keller Chief Executive, commented:



"This award comes on the back of several smaller contacts in Russia completed by Keller in recent years, including the foundations for the ice rink in Sochi for the 2014 Winter Olympics. It is encouraging to see our business gaining traction in this growing market."



"The construction of complete excavation pits is a good example of how we continue to broaden the range of services we offer to meet our customers' total foundation requirements. This contract win also illustrates the success of our strategic initiative to increase our exposure to major projects."

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 840.00. Over this period, the share price is up 96.26%.

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 844.00. Over this period, the share price is up 97.43%

Again a buy in this weeks IC.

KELLER GROUP PLC - Annual Financial Report

Released : 12/04/2013


http://otp.investis.com/clients/uk/keller/rns/regulatory-story.aspx?cid=170&newsid=335338

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 854.50. Over this period, the share price is up 92.66%.

As of Apr 26, 2013, the consensus forecast amongst 8 polled investment analysts covering Keller Group plc advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts improved on Oct 19, 2012. The previous consensus forecast advised investors to hold their position in Keller Group plc.


Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 859.50. Over this period, the share price is up 88.90%.

Directorate Change
RNS
RNS Number : 7621D
Keller Group PLC
01 May 2013



For immediate release 1 May 2013




KELLER BOARD CHANGE




Keller Group plc ("Keller" or "the Company"), the international ground engineering specialist, announces that at its forthcoming Annual General Meeting, Mr Bob Rubright will be standing down as a Director of the Company.



Bob joined Keller with the Hayward Baker acquisition in 1984 and, after becoming Managing Director of Keller North America, he joined the Board in 2003.



He will be succeeded as Managing Director of Keller North America by Mr John Rubright, but will not be replaced on the Board. John has been with the Group since 1986. He is President of Hayward Baker, which now makes up over 50% of the Group's North American business, and is a member of the Group Executive Committee.



As part of Bob's planned retirement from Keller, he has agreed to remain involved in the Group's North American business on a part-time basis for a period of time after he stands down from the Board.



Accordingly, the resolution to re-elect Bob Rubright as a Director at the 2013 Annual General Meeting, as set out in the notice of that meeting, will be withdrawn.



Commenting today, Mr Roy Franklin, Chairman of Keller, said:



"We are indebted to Bob for his enormous contribution to the Group and I am delighted that we will have continued access to his wisdom and experience in the medium term."

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 864.50. Over this period, the share price is up 102.46%.

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 890.00. Over this period, the share price is up 108.68%.

Interim Management Statement

RNS


RNS Number : 7214E

Keller Group PLC

15 May 2013












For immediate release Date - 15 May 2013





Keller Group plc



Interim Management Statement







Keller Group plc ("Keller" or "the Group"), the international ground engineering specialist, issues its Interim Management Statement covering the period 1 January to 14 May 2013.



Overview



As anticipated in our full-year results announcement in March, economic conditions across our global construction markets continue to be varied. We remain optimistic about a progressive strengthening of the North American construction markets, assuming that the wider US fiscal position does not worsen. Whilst economic uncertainty in Europe continues to hold back a recovery in its construction markets, we have seen no further deterioration in market conditions since the start of the year. Elsewhere, the two-speed construction market in Australia continues, whilst in Asia we continue to see good opportunities.



Keller has had a strong start to the year, helped by the successful completion of a number of major projects, good contract performance overall and relatively benign winter weather in our markets in North America. This has resulted in both revenue and profit in the first four months being better than the Board expected at the time of announcing the Group's 2012 preliminary results.



After adjusting for the exceptionally large Wheatstone project, which was awarded in January 2012 and on which we have only recently mobilised, order intake for the year to date has been at a similar level to the same period last year. Accordingly, the order book for work to be executed over the next 12 months is broadly in line with this time last year.

Looking ahead to the rest of the year, the Board expects to see a continuation of recent progress.

Divisional Review



North America



In the four months to the end of April, the Group's North American foundation contracting companies have performed ahead of budget and the same period last year, benefitting from positive momentum in the construction market in many parts of the US and a strong operational performance.



The integration of Geo-Foundations Contractors, Inc., the Toronto-based specialist geotechnical contractor acquired in January, is progressing well and management is confident that the developing co-operation between Geo-Foundations and Hayward Baker will deliver significant business benefits over time.



At Suncoast, the steady increase in production during 2012 has been maintained in the first four months of this year, as the business continues to take full advantage of growth in US residential construction. As a result, both revenue and profit in the year to date are well ahead of both last year and budget.



Europe, Middle East & Africa (EMEA)



Overall, despite the challenging market conditions, the performance of the EMEA division has improved in the year to date, benefitting from the self-help measures implemented during 2012.



Our large infrastructure projects in EMEA - most notably the Crossrail and Victoria Station Upgrade contracts in the UK and the Gdansk road tunnel project in Poland - are all progressing well.



We were recently awarded our largest contract to date in Russia, involving the preparation of a complete excavation pitfor a new residential complex located in central Moscow. In undertaking this contract, we will draw on our equipment and experienced workforce from neighbouring countries, in particular Poland.

In the Middle East, we are seeing some increase in activity and our operations in the region have generally performed better than in the same period last year.

Asia



Our Asian business has made a good start to the year, although market conditions in India remain somewhat challenging.



In Malaysia, where the foundation market is currently buoyant, we have now completed our major piling and ground improvement project for Vale at Lumur and have since been awarded another piling contract in Kuala Lumpur, which will further strengthen our credentials as a piling business in Malaysia. We have also commenced our first ground anchor contract in the country, with support from our businesses in India and Austria.



Work is underway on our first contract in Hong Kong for many years, where we now have four rigs on site. The project involves installing stone columns for the new Hong Kong Link Road project. We have also been awarded our first ground improvement contract in Indonesia, to install stone columns for a new fuel oil terminal on Karimun Island.





Australia



The two-speed construction market in Australia continues, with projects for the resources sector generating a significant part of the overall demand, whereas the building and infrastructure sectors remain very quiet.



Despite the market challenges, the performance of our Australian business in the year to date has been ahead of last year, with another excellent contribution from Waterway Constructions.



Work has now commenced on the Wheatstone contract, which is set to be the Group's largest contract to date.



Financial Position



The Group's financial position remains strong. Other than the normal seasonal increase in working capital, there has been no significant change to our financial position since the last year end.



Annual General Meeting and Interim Results



Keller will be holding its Annual General Meeting at 11.00 a.m. on 23 May 2013 at the offices of Investec, 2 Gresham Street, London, EC2V 7QP.



The Company intends to announce its interim results on Monday, 29 July 2013.

Keller benefitting from recovery in US construction
By Benjamin Chiou

Wed 15 May


Keller benefitting from recovery in US construction LONDON (SHARECAST) - Keller, the world's largest independent ground engineering specialist, sparked a share-price surge on Wednesday morning after saying that results so far this year have beaten its expectations despite mixed conditions worldwide.

The company said that while economic conditions across global construction markets continue to be "varied", both revenue and profit in the first four months of 2013 was better than it expected at the time of announcing its full-year results in March.

The stock was up 9.52% at 949.5p by 08:30 on Wednesday.

One of the main reasons for the optimism has been the "progressive strengthening" of construction markets in North America, where Keller's foundation contracting companies have performed ahead of budget.

Over in Europe, economic uncertainty still persists though the group did say that it has not seen any further deterioration in market conditions.

The performance of the wider Europe, Middle East & Africa (EMEA) division has improved this year and large infrastructure projects - Crossrail and Victoria station upgrades in the UK and the Gdansk road tunnel project in Poland - are said to be progressing well. Meanwhile, the firm secured its largest contract to date in Russia for work on a new residential complex.

"Elsewhere, the two-speed construction market in Australia continues, whilst in Asia we continue to see good opportunities," the company said.

Following the statement, analysts at Jefferies raised their target price for the stock from 820p to 1,050p and reiterated a 'buy' rating, saying that Keller remains an "attractive way to play [the] recovery" in the North American residential markets.

"In our view we are at the early stages of a recovery cycle in global construction markets, the recovery is not uniform by any means and many of Keller's markets remain fragile, representing risk, but in general, the light at the end of the tunnel is starting to burn a little brighter," said analyst Anthony Codling.

Including Wednesday's surge, the stock has now jumped around 123% over the past 12 months, recovering to levels not seen since late 2007.

Conditions remain mixed for Keller but Jefferies reckons that the engineering company remains well-positioned for a recovery in the US residential markets.

The broker has raised its target price for the FTSE 250 stock from 820p to 1,050p after upgrading its 2013 and 2014 profit forecasts by 17% and 11%, respectively. A 'buy' rating was maintained for the stock

Jefferies International reiterates buy on Keller Group, target raised from 820p to 1050p

Investec retains buy on Keller Group, target raised from 850p to 1000p.


Numis reiterates add on Keller Group, target raised from 825p to 1000p.

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 956.50. Over this period, the share price is up 124.79%.

Keller: Panmure Gordon raises target price from 570p to 900p, while keeping a hold rating.

Trading statement 23 May

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 979.50. Over this period, the share price is up 140.44%.

20 May Liberum Capital 955.00 Hold

Keller announces Placing of new ordinary shares

http://www.moneyam.com/action/news/showArticle?id=4611417

Proposed Acquisition of North American Piling

RNS


RNS Number : 7422G

Keller Group PLC

11 June 2013






THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.



For immediate release 11 June 2013





Keller Group plc ("Keller" or "the Group")



Proposed Acquisition of North American Piling





Keller (LSE: KLR), the international ground engineering specialist, today announces the proposed acquisition of North American Piling from North American Energy Partners Inc. ("North American Energy Partners"), subject to shareholder approval.



Key Highlights



· North American Piling is a substantial Canadian foundations business, headquartered in Edmonton, Alberta, and has over 25 years' experience providing piling services, with a focus on piling in construction markets across Canada, including the Alberta oil sands region.



· North American Piling employs approximately 400 staff and, in the year ended 31 March 2013, the business reported revenue of CDN $236.5 million (£149.7 million) and operating profit of CDN $38.5 million (£24.4 million).



· The Acquisition is consistent with Keller's stated strategy and the Directors believe it will enhance the Group's offering by:

- bringing into the Group a market-leading business, positioned in growth markets offering attractive margins;

- increasing its exposure to the North American energy and resources sector;

- providing the opportunity to develop broader customer relationships and secure new customers;

- expanding its presence in the relatively under-developed Canadian geotechnical segment; and

- delivering attractive financial metrics, including an immediate and significant enhancement in earnings per share.



· The consideration will comprise an initial CDN$227.5 million (£144.0 million) on a cash and debt free basis, payable in cash on Completion and up to a further CDN$92.5 million (£58.5 million) of deferred contingent consideration payable in cash depending upon North American Piling's financial performance in the three years following Completion, giving a maximum aggregate consideration of CDN$320 million (£202.5 million).



· Keller is proposing to finance the Acquisition through the net proceeds of the Placing announced today, together with the drawdown of some of the available funds under the New Bank Facility and existing bank facilities.



Commenting on the Acquisition, Justin Atkinson, Chief Executive of Keller, said:



"The Board has identified Canada as a key target market and this acquisition of a complementary piling business represents an excellent opportunity to build substantially on Keller's existing presence in that market. North American Piling is a market-leading business with attractive margins positioned in growth markets, including the resource-rich regions of Western Canada. The business has a strong record of growth delivered by an experienced management team who are transferring to Keller. Importantly, the acquisition will be significantly earnings enhancing*."



* This should not be construed as a profit forecast. In particular, it should not be taken to mean that the earnings per share of Keller for the year ending 31 December 2013 will necessarily be higher than for the year ended 31 December 2012.

Broker snap: Panmure upbeat about Canadian purchase at Keller
By Benjamin Chiou

Tue 11 Jun 2013


Broker snap: Panmure upbeat about Canadian purchase at Keller LONDON (SHARECAST) - Panmure Gordon has hailed Keller's acquisition of North American Piling, but has kept its 'hold' rating for the FTSE 250-listed ground engineering specialist following a decent run this year.

The company announced on Tuesday that it has acquired North American Piling, a Canadian foundations business headquartered in Alberta, for an initial £144 plus a maximum deferred £58.5m. The move adds annual revenue of £150m and £24.4m in operating profit.

The acquisition is being part-funded by a placing to raise £58.7m with the balance being from debt.

Panmure analyst Andy Brown said: "The business being acquired has a strong recent record and appears to be well placed in the Alberta/oil sands/energy segment. Margin sustainability will be a key question but historical group North American margins have hit double digits."

He said that his initial estimates see the purchase being 10% enhancing to earnings this year and 12-15% next year. This suggests earnings per share of around 68p in 2013, rising to 80p in 2014.

Brown said: "A large Canadian piling acquisition that enhances presence in the region and increases group exposure to the energy sector looks to be a good move.

"[…] Fundamentally we are positive on the group's service offering and market positioning but with a full valuation and share price trading at two-year price/relative highs we thought the price had moved far enough. This explains our current 'neutral' stance."

A 900p target price for the shares has been maintained.

The stock was up 2.21% at 926p by 11:16, having risen over a third by the start of 2013.

Keller Group: Investec moves target price from 1000p to 1115p reiterating a buy recommendation.

You' v had a good run here DC well done.

Keller announces proposed acquisition of North American Piling
Tue 11 Jun 2013


Keller announces proposed acquisition of North American Piling LONDON (SHARECAST) - FTSE 250-listed international ground engineering specialist Keller has proposed the acquisition of North American Piling from North American Energy Partners, subject to shareholder approval.

North American Piling is a Canadian foundations business with headquarters in Edmonton, Alberta. In the year ended March 2013, the business reported revenue of CDN $236.5m (£149.7m) and operating profit of CDN $38.5m (£24.4m).

The group said that the acquisition would be consistent with Keller’s stated strategy and would enhance the group’s offering by bringing into the group a market-leading business, positioned in growth markets offering attractive margins. It said that the deal would also enable it to expand its presence in the relatively under-developed Canadian geotechnical segment.

The consideration would comprise an initial CDN$227.5m (£144m) on a cash and debt free basis, payable in cash on completion and up to a further CDN$92.5m (£58.5m) of deferred contingent consideration payable in cash depending upon North American Piling’s financial performance in the three years following completion, giving a maximum aggregate consideration of CDN $320m (£202.5m.

The group said that it would be proposing to finance the acquisition through the net proceeds of a placing of 6.6m new ordinary shares at 890p per share to raise £58.7m before expenses together with drawdown of some of the available funds under the new bank facility and existing bank facilities.

Justin Atkinson, Chief Executive Officer of Keller, commented: "The board has identified Canada as a key target market and this acquisition of a complementary piling business represents an excellent opportunity to build substantially on Keller's existing presence in that market."

He added: "North American Piling is a market-leading business with attractive margins positioned in growth markets, including the resource-rich regions of Western Canada. The business has a strong record of growth delivered by an experienced management team who are transferring to Keller. Importantly, the acquisition will be significantly earnings enhancing."

Keller’s share price was up 3.20% to 935p at 08:39 on Tuesday.

Keller Group: Citi raises target price from 755p to 960p, while reiterating a neutral rating.

A buy in this weeks IC - analysts at Investec securities have raised their forecasts for the year from 57.1p to 61.3p . Keller is expanding into North American market, and is well placed to capitalise on the explosive growth in oil sands exploration. At 943p, the premium rating of 15 times forecast earnings is justified.

21 Jun Liberum Capital 955.00 Hold

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 988.50. Over this period, the share price is up 176.70%.

25 Jun Numis 1,085.00 Add

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 1,011. Over this period, the share price is up 183.99%.

28 June 2013
Pre-close update

Pre-close Trading Update

RNS


RNS Number : 0577I

Keller Group PLC

28 June 2013








For immediate release Friday, 28 June 2013







Keller Group plc



Pre-close Trading Update







Keller Group plc ("the Group"), the international ground engineering specialist, is providing the following routine, pre-close trading update in advance of its results for the six months ending 30 June 2013, which are due to be announced on Monday, 29 July 2013.



Save for the proposed acquisition of North American Piling, which was announced on 11 June 2013 and in respect of which a general meeting is being held today to approve the acquisition, there have been no significant changes to the Group's trading or outlook since the publication of our Interim Management Statement on 15 May 2013.

Result of GM

Released : 28/06/2013



In addition to the passing of the above resolution, the Acquisition was conditional upon satisfying or obtaining Canadian Competition Act Clearance, as defined in the Circular to Shareholders dated 11 June 2013. This process is well underway and the Company still expects the Acquisition to complete by 15 July 2013.

http://otp.investis.com/clients/uk/keller/rns/regulatory-story.aspx?cid=170&newsid=350371


=====================================================


Keller

A pre-close update ahead of first-half figures due on 29 July sent Keller Group (LSE: KLR.L - news) shares down 28p (2.8%) to 983p by midday. There wasn't actually much in the announcement, other than a confirmation that things are still in line with last month's interim statement.

That update revealed that economic conditions in the firm's global markets are varied, but that it is optimistic about the construction business in North America. Overall, we were told "the board expects to see a continuation of recent progress".

Keller shares are up more than 150% over the past 12 months.

Keller Group PLC (KLR:LSE) set a new 52-week high during Monday's trading session when it reached 1,016. Over this period, the share price is up 175.44%.

No stopping this one either.Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 1,079. Over this period, the share price is up 176.72%.

Completion of Acquisition

PRNW



For immediate release Monday,15 July 2013







Keller Group plc



Completion of Acquisition of North American Piling




Keller Group plc ("the Group"), the international ground engineering
specialist, announces the completion of the acquisition of North American
Piling.


All the conditions precedent contained in the sale and purchase agreement
having been satisfied, including Canadian Competition Act clearance, the
acquisition completed as at close of business in Canada on 12 July 2013.

Near on £11 now.

Up 3% today.

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 1,153. Over this period, the share price is up 189.19%.

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 1,163. Over this period, the share price is up 192.44%

Interim Result
29 Jul 13 Keller Group PLC [KLR]

Keller Group: Investec raises target to 1,300p from 1,115p, retains buy

Interim Results

Highlights include:



· Revenue up 5% and operating profit* more than doubled

· Strong margin improvement reflects:

o successful completion of major projects

o cost reduction measures

o business improvement initiatives

· Cash generated from operations of £30.2m (2012: £9.0m)

· Completion of North American Piling acquisition gives the Group a market-leading position in Canada

· Interim dividend increased by 5% to 8.0p per share (2012: 7.6p)



http://www.moneyam.com/action/news/showArticle?id=4639795

29 Jul Investec 1,300.00 Buy
29 Jul Liberum Capital 955.00 Hold

IC- A strong recovery in US residential building was the major catalyst behind a stunning first half at ground engineering specialist Keller

(KLR). Underlying pre-tax profit more than doubled to £26.8m, and despite predicting flat underlying revenue in the second half, further margin improvement should nudge full-year results toward the top end of City forecasts. Analysts at Jefferies responded by upgrading profit forecasts by 15 per cent to £69m, giving adjusted EPS of 69.1p (from £43.5m and 45.9p in 2012). However, orders have slowed recently and there’s still work to be done.

Operating margin doubled to 4.4 per cent during the period after Keller finished several big projects and cut costs. It got lucky with the weather in North America last winter, too. Further savings should feed through early next year, says chief executive Justin Atkinson, and the group's margin target of 6 per cent is within reach. It is already 5.4 per cent in North America, Keller’s largest market accounting for nearly half first-half revenue, and operating profit in the region jumped from £7.6m to £16.5m. That said, some big contracts either just ended, or nearing an end still haven’t been replaced.

Australia outperformed, too, with margins of 8.2 per cent flattered by a final flourish on the Australia Pacific LNG contract. Another LNG gig - Wheatstone - is underway. Elsewhere the outlook is patchy. Germany and Poland are challenging, Asia is mixed and the Middle East is picking up.
===================================================

Questor Share Tip: Keller produces a winning performance but orders may slow it down
TelegraphBy Roland Gribben | Telegraph – Tue, Jul 30, 2013 07:00 BST



Keller Group (LSE: KLR.L - news)

£10.89 -36p

Questor says HOLD

It was appropriate at the start of a post-Olympic (BSE: OLPCL.BO - news) year that Keller Group should end a depressing run of results.

The construction engineering company responsible for preparing the groundwork for the Olympic Stadium delivered a strong first-half recovery and comfortably beat market forecasts.

There was almost an Olympic-style performance. Turnover was up 5pc, pre-tax profits soared 115pc and earnings per share were a heady 124pc higher, but shareholders will have to be content with a more pedestrian 5pc increase in the interim dividend to to 8p.

Keller is in the big project business, tearing the earth apart and digging deep before the construction gangs move in. Crossrail, as well as the Olympic Stadium, provide its bread and butter. But as one of the biggest in the business Keller has worldwide coverage.

There was an element of flattery in the first-half figures when measured against last year’s comparable performance. Completion of major contracts and favourable settlements contributed to doubling operating margins from 2.2pc to 4.4pc.

Keller also feels it benefited from better risk management, reflected in the way contracts are now handled at crucial stages.

Three of its four geographic divisions are healthy. The weakest is Europe where a small loss last year has been turned into a small profit.

The scale of problems in Europe is illustrated by Keller’s business in Spain where turnover has slumped from €80m (£69m) to €10m in the past five years.

Asia remains the strongest business patch with margins nudging 11pc. Australia is seeing just over 8pc while the US, the biggest market in the Keller portfolio, is running at 5.4pc

The US market, currently accounting for almost 50pc of group operating profits, provided the springboard for an overdue first-half recovery.

A pick-up in the housing market and the power sector made a sizeable contribution to a near 120pc jump in operating profits.

Keller has also strengthened its North American presence. The acquisition of Canadian-based North American Piling for £144m is the group’s biggest so far and the financing through a 10pc share placing has encouraged management to take fresh look at other potential deals.

The company’s extensive fan club in the analyst community remain enthusiastic about the Keller’s performance and prospects, though they do sound some warning signals about the order outlook.

New contracts in the past two months are running below management’s expectations and the European market remains difficult.

The shares have had medal-winning sprint over the past year and although they remain a hold trading on a price-earnings ratio of 17.5 this year, falling to 14.6, and yielding 2.2pc, rising to 2.4pc there is room for profit taking.

A buy in this weeks IC - Earth shattering profits at Keller.


A strong recovery in US residential building was the major catalyst behind a stunning
first half at ground engineering specialist Keller (KLR). Underlying pre-tax profit more than doubled to £26.8m and, despite predicting flat underlying revenue in the second half, further margin improvement should nudge full year results towards the top end of city forecasts.

8 Aug Liberum Capital 1,050.00 Hold

Ex dividend

09 Oct 13 Keller Group PLC [KLR] (8 p)

Keller wins £33m contract in Singapore

StockMarketWire.com

Keller Group has won a contract worth approximately £33m to construct foundations and related works for the new Sengkang hospital project in Singapore.

Keller's contract is for the construction of a diaphragm wall and bored and secant piles.

The piling works, which make up the largest element of the contract, will be undertaken by Resource Piling, who will install more than 2,500 piles of varying diameters.

At 9:19am: (LON:KLR) Keller Group share price was +12p at 1014p


Story provided by StockMarketWire.com

Acquisition of Esorfranki Geotechnical

RNS


RNS Number : 0696Q

Keller Group PLC

09 October 2013






For immediate release Wednesday, 9 October 2013



Keller Group plc

("Keller" or "the Group")



Acquisition of Esorfranki Geotechnical, South Africa





Keller (LSE: KLR), the international ground engineering specialist, announces that it has agreed to purchase the Geotechnical Division of the Johannesburg-listed civil engineering and construction company Esorfranki Limited (JSE: ESR) for an initial consideration of R500m (£31m).



Esorfranki Geotechnical is the largest ground engineering business in South Africa, offering design and build services to the mining, civil engineering and construction industries, and has a strong track record of executing projects in other Sub-Saharan African countries. In the year ended 28 February 2013, Esorfranki Geotechnical generated revenue of R788m (£49m), of which 46% was earned outside South Africa, and an underlying operating profit* of R53m (£3.3m). At 28 February 2013, the value of the gross assets to be acquired was R630m (£39m) and the business had net assets of R419m (£26m).



In addition to adding a market-leading business run by an experienced management team who will remain with the business, the acquisition will accelerate Keller's entry into selected sub-Saharan construction markets, where significant growth is expected over the medium to long term, fuelled by major infrastructure and resources-related projects. The business will form part of the Group's EMEA division.



The total consideration, to be paid in cash from Keller's existing facilities, will comprise an initial payment of R500m (£31m), on a debt and cash free basis, together with a maximum deferred consideration of R150m (£9.4m) dependent on the achievement of a certain level of profits over the three years following the acquisition.



Completion is expected by the end of November 2013 and is subject, inter alia, to approval by shareholders of Esorfranki Limited at its general meeting on 18 November 2013 and the approval of the South African Reserve Bank.



*: stated before a R24m (£1.5m) profit on the sale of a property



Justin Atkinson, Chief Executive of Keller, said:



"This important acquisition marks another milestone in our strategy of extending our global leadership by expansion into new, higher growth regions.



"The combination of Esorfranki Geotechnical's local knowledge and resources with Keller's scale, experience and broad range of techniques will make us ideally placed to undertake complex major projects requiring design expertise and multi-product solutions in a region where we expect the longer-term opportunities to be significant."


Acquisition of Esorfranki Geotechnical

RNS


RNS Number : 0696Q

Keller Group PLC

09 October 2013






For immediate release Wednesday, 9 October 2013



Keller Group plc

("Keller" or "the Group")



Acquisition of Esorfranki Geotechnical, South Africa





Keller (LSE: KLR), the international ground engineering specialist, announces that it has agreed to purchase the Geotechnical Division of the Johannesburg-listed civil engineering and construction company Esorfranki Limited (JSE: ESR) for an initial consideration of R500m (£31m).



Esorfranki Geotechnical is the largest ground engineering business in South Africa, offering design and build services to the mining, civil engineering and construction industries, and has a strong track record of executing projects in other Sub-Saharan African countries. In the year ended 28 February 2013, Esorfranki Geotechnical generated revenue of R788m (£49m), of which 46% was earned outside South Africa, and an underlying operating profit* of R53m (£3.3m). At 28 February 2013, the value of the gross assets to be acquired was R630m (£39m) and the business had net assets of R419m (£26m).



In addition to adding a market-leading business run by an experienced management team who will remain with the business, the acquisition will accelerate Keller's entry into selected sub-Saharan construction markets, where significant growth is expected over the medium to long term, fuelled by major infrastructure and resources-related projects. The business will form part of the Group's EMEA division.



The total consideration, to be paid in cash from Keller's existing facilities, will comprise an initial payment of R500m (£31m), on a debt and cash free basis, together with a maximum deferred consideration of R150m (£9.4m) dependent on the achievement of a certain level of profits over the three years following the acquisition.



Completion is expected by the end of November 2013 and is subject, inter alia, to approval by shareholders of Esorfranki Limited at its general meeting on 18 November 2013 and the approval of the South African Reserve Bank.



*: stated before a R24m (£1.5m) profit on the sale of a property



Justin Atkinson, Chief Executive of Keller, said:



"This important acquisition marks another milestone in our strategy of extending our global leadership by expansion into new, higher growth regions.



"The combination of Esorfranki Geotechnical's local knowledge and resources with Keller's scale, experience and broad range of techniques will make us ideally placed to undertake complex major projects requiring design expertise and multi-product solutions in a region where we expect the longer-term opportunities to be significant."

Keller reschedules trading update

StockMarketWire.com

Keller Group has amended the date of its interim management statement which will now be released on 19 November.

At 9:46am: (LON:KLR) Keller Group share price was -18.5p at 1031.5p


Story provided by StockMarketWire.com

The sp does seem to have drifted from its highs at the end of September but seems to have recovered half of the sp fall. In IC this week - US worries hit Keller. Keller's US orders have fallen by more than 10% from their peak in July. That's significant because the ground engineering specialist generates over half of its turnover from North America and sentiment there has been dented by the failure to agree a budget and on worries that political wrangling could lead to a US debt default.
Keller is picking up work elsewhere.


Investec securities says - Buy - we expect to see a continued improvement in margins and - with the shares trading on a multiple of 6 x 2014 forecast embedded value to cash profits - we are setting a price target of 1300p . We are increasing our 2014 estimates to £80m of pre-tax profit and EPS of 77.1p reflecting the positive effects of buying Esortranki Geotechnical.


Liberum Capital says - Hold - Keller's South African bolt-on acquisition isn't expected
to deliver any material contributions this year, but we estimate the business will add 3% to 2014's full year earnings. We retain our 1,050p price target.

DC, where do you get your broker snippets from at the bottom of last post?are they in the article in the IC?.

Yes goldfinger, although they are some what different in their thoughts.

Shares - Trading statement Tues 19 Nov (Third quarter)

Ground works Engineering specialist Keller is likely to set the scene for full year results towards the top end of market expectations. Encouraging newsflow during the period includes last months £31 million acquisition of the geotechnical division of South African-based civil engineer Esorfranki and a £33 million contract win in Singapore in Sept.

Interim Management Statement

PRNW



For immediate release Tuesday, 19 November 2013


Keller Group plc

Interim Management Statement

Keller Group plc ("Keller" or "the Group"), the international ground
engineering specialist, issues this Interim Management Statement, covering the
period from 1 July to 18 November 2013.

Overview

The Group's trading in the four months to the end of October has continued the
improving trend established in the first half of the year.

Although there has been no significant change in overall market conditions
since we last reported, our project awards have increased. Accordingly, the
value of the like-for-like order book at the end of October, for work to be
executed over the next 12 months, is now slightly above this time last year.

As expected, revenue has been broadly flat, after adjusting for the effect of
acquisitions. However, the efficiencies driven by our ongoing business
improvement initiatives, combined with very strong final results on some
completed major projects, have generated better-than-expected margin
improvement.

Accordingly, the Group's results for the full year are expected to be slightly
above the top end of current market expectations.

Divisional Review

North America

The US construction market as a whole continues to recover, albeit there are
some indications that the rate of recovery is slowing. Private expenditure on
construction continues to grow, while public expenditure has fallen for the
third consecutive year.

Following a strong first half, our North American business has continued to
perform well. Our US foundation contracting companies are expected to end the
year with both revenue and, in particular, profit significantly ahead of last
year. North American Piling, which we acquired in July 2013 and have rebranded
as Keller Foundations Canada, is performing in line with our expectations at
the time of the acquisition. Our post-tension cable systems business, Suncoast,
continues to benefit from the positive momentum in the US residential sector.

Europe, Middle East & Africa (EMEA)

Conditions in our key EMEA construction markets remain mixed and in those
regions where we have started to see signs of improvement, recovery continues
to be somewhat fragile.

Despite this market backdrop, we expect overall revenue for the full year to be
ahead of last year. In profit terms, the self-help measures implemented by
management continue to bring benefits, which we expect to be reflected in a
much improved full-year operating margin.

In South Africa, Esorfranki Limited has secured shareholder approval for our
acquisition of its geotechnical division, which we announced in October. The
acquisition is set to complete by the end of November.

Asia

Overall, we have seen little change in the conditions in our Asian markets.

Revenue in the last four months has lagged behind the corresponding period last
year, reflecting a slowdown in the Indian market and the absence of a major
project in Malaysia to replace the Vale contract. However, operating profit for
the full year is expected to be close to last year's level, helped by a strong
finish on a number of projects and a good start on the Sengkang hospital
project in Singapore, which together have helped to offset a weaker result in
India.

Australia

As we reported in July, the resources sector of Australia's construction market
has been less buoyant than in recent years and this has not changed discernibly
in the past four months. Nor has there been any improvement in the weak
commercial and infrastructure sectors.

Overall, however, Keller Australia has fared better than the market conditions
might suggest, thanks to a strong performance on some of its larger contracts.
In particular, since our last report, encouraging progress has been made on the
Wheatstone contract, the value of which has now reached A$200m (£116m) and
which we expect will contribute towards a much-improved full-year result.

Financial Position

There has been no material change in the financial position of the Group since
the interim results announcement on 30 July 2013.

Outlook

Given the better-than-expected improvement in the overall margin in the period
to the end of October, driven largely by business efficiencies and strong
contract outcomes, the Group's results for the full year are expected to be
slightly above the top end of current market expectations.

Looking further ahead, we remain optimistic about the long-term prospects for
our sector and our business. Recent acquisitions have increased the Group's
presence in higher-growth regions and we feel that our business is in good
shape to take full advantage of future opportunities.

Keller will issue a pre-close statement in respect of the year ending 31
December 2013 on 19 December 2013.

19 Nov Numis 1,120.00 Add
19 Nov Investec 1,300.00 Buy

22 Nov Jefferies... 1,360.00 Buy

Keller Group: Goldman Sachs raises target price from 1385p to 1480p and stays with its buy recommendation.

Shares - Pre -close statement 19 Dec - recent contract awards which should fuel further growth as the cycle turns higher. Consensus full year pre-tax profits of £71.9m could be exceeded.

Trading Statement

19 Dec 13 Keller Group PLC [KLR]

Trading Statement

PRNW



For immediate release Thursday, 19 December 2013

Keller Group plc

Year End Trading Update

Keller Group plc ("Keller" or "the Group"), the international ground
engineering specialist, is providing the following routine trading update in
advance of its results for the financial year ending 31 December 2013, to be
announced on 3 March 2014.

There has been no significant change in market and trading conditions since the
release of the Interim Management Statement on 19 November 2013. The Board
therefore expects that the full year results will be in line with current
market expectations.

For further information, please contact:

Keller Group plc
Justin Atkinson, Chief Executive 020 7616 7575
James Hind, Finance Director

Finsbury
Gordon Simpson, Rowley Hudson 020 7251 3801

Forward-looking Statements

This document contains forward-looking statements which have been made in good
faith based on the information available at the time of its approval. It is
believed that the expectations reflected in these statements are reasonable,
but they may be affected by a number of risks and uncertainties that are
inherent in any forward-looking statement which could cause actual results to
differ materially from those currently anticipated.

Note to Editors

Keller is the world's largest independent ground engineering specialist,
providing technically advanced and cost-effective foundation solutions to the
construction industry. With annual revenue of around £1.5bn, Keller has
approximately 8,000 staff world-wide.

Keller is the market leader in the US and Australia; it has prime positions in
most established European markets; and a strong profile in many developing
markets.



END

:-))

Questor share tip: Keller completes stellar year
Telegraph
By John Ficenec | Telegraph – Fri, Dec 20, 2013 06:00 GMT


The construction group has enjoyed a strong run on the shares and there could be more to come, says Questor

Keller £11.40+36p Questor says HOLD

CONSTRUCTION group Keller said yesterday that the rebound in the US economy has boosted the company’s earnings.

Shares in the FTSE 250 company gained more than 3pc after it said that net profits would be in line with the forecasts of analysts who collectively have upgraded its earnings outlook by 38pc since the beginning of the year.

The trading update rounds off a strong run for the company, which has seen its shares gain 63pc in value during the year to date, well ahead of the wider FTSE 250, up 26pc over the same period.

The company, which built the foundations for the London Olympic Stadium, generates the majority of its revenue overseas and North American markets which include the US and Canada contribute about half of the group’s earnings.

US sales have continued to improve into this month, building on its stronger performance in North America during the first half of the year, which management had already highlighted in a November trading update. In the US, the company has said that its business is being largely supported by a recovery in commercial building, which has more than offset continued weakness in residential construction and public works.

James Hind, finance director at Keller, said at the time of the November update that improving markets in the US were helping it raise the value of contracts and relieving the pressure on margins.

As the recovery under way in the US construction industry continues, profit margins could increase further. According to analysis from Liberum Capital, Keller’s operating profit margins are still below the mid-cycle average of 6.6pc. The company is expected to improve its operating profit margins to more than 6pc next year, up from 4.4pc reported in the interim results. However, this would still be about half the group’s peak margins of 11.2pc achieved in 2007.

“We are still in the early stages of a construction cycle recovery, giving more room for margins to improve,” Mr Hind added.

Elsewhere, the construction group’s markets are challenging. In Australia, where the group generates around 20pc of revenue, a slump in the mining sector has hit the economy and weakened the market in commercial and infrastructure construction. European markets, where Keller generates another 20pc of its revenue, also remain tough.

Asia and emerging markets present a mixed picture, with continued strong growth in Singapore and Hong Kong offsetting a slowdown in India.

One of the main attractions for investors in Keller is the steady dividend income that the company offers. The company has an unbroken 29-year record of increasing or, at the very least, maintaining the dividend. Keller raised the interim dividend this year by 5pc to 8p per share, having held it during the past two years after profits slumped.

Brokers are now expecting the full-year dividend to increase by 9pc in the current year and next year, to 27p, providing a prospective yield of 2.6pc. The dividend looks relatively safe as it is covered more than three times by earnings and 1.7 times by free cash flow.

Keller’s shares are trading at 15 times current earnings, and, given the anticipated recovery in profits, the price-to-earnings ratio (P/E) falls to 14 times next year, and 12 times full-year 2015 earnings forecasts. Both of these forward P/E ratios are a premium to the long-run average P/E ratio of 10. In this context, a lot of the recovery in the US market is already priced in to the shares. Keller is still exposed to the ongoing slowdown in Australia and profit margins may take longer to recover as competition for work increases. Keller has solid foundations for a recovery but the shares are no better than a hold for now (SES: E2:OJ4.SI - news) .

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 1,200. Over this period, the share price is up 63.05%

6 Feb Liberum Capital 1,050.00 Hold

Re Contract

PRNW



For immediate release 13 February 2014

Keller Group plc

Major US Contract Award

Keller Group plc ("Keller"), the international ground engineering specialist,
announces that it has been awarded a contract worth $41m (£25m) in connection
with the City of Seattle's Elliott Bay seawall project.

The project involves the repair and replacement of a large section of seawall
along Seattle's downtown waterfront, a popular tourist area. Constructed
between 1911 and 1936, the seawall has deteriorated over time, making it
vulnerable to storm and earthquake damage.

Using our advanced jet grouting technology, we will construct a grid of
approximately 5,500 large diameter soilcrete columns at depths of up to 26
metres, to provide seismic stability and foundation support for the new
seawall. To work around existing timber piles, we will employ a process of
dynamic planning to survey pre-drilled holes, identify obstructions and revise
the grid pattern as the work proceeds.

A test programme is expected to begin this March, following which the work will
be carried out over three years, avoiding the main periods for tourism.

Justin Atkinson, Keller Chief Executive, commented:

"Keller has a long track record of successfully completing very large specialty
grouting projects in difficult environments around the world. At Elliott Bay,
the particular challenges associated with constructing jet grouted columns
around existing timber piles add complexity to this contract, which plays to
our strengths.

"Increasing our participation in large and complex projects remains one of our
key aims and we are delighted to have been selected to work on the Elliott Bay
seawall project."

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 1,299. Over this period, the share price is up 74.60%.

Final results Monday 3 March.

Full Year Results



Highlights include:



· Record revenue of £1,438.2m (2012: £1,317.5m), up 9%

· Operating margin* raised to 5.4% (2012: 3.7%), with increases in all four divisions

· Profit before tax* increased to £74.1m (2012: £43.5m)

· Earnings per share* of 73.0p (2012: 45.9p)

· Cash from operations of £132.0m, representing 106% of EBITDA* (2012: 118%)

· Total dividend per share of 24.0p (2012: 22.8p), an increase of 5%

· Three strategic acquisitions completed at a cost of £188.5m and integration progressing well


http://www.moneyam.com/action/news/showArticle?id=4764890


===================================================
3 Mar Investec 1,375.00 Buy

4 Mar Jefferies... 1,400.00 Buy

Despite reporting a 70% increase in pre-tax profits investors sent shares of construction group Keller lower.

The company warned of the impact which cold weather in North America and weakening foreign currencies would have on its results. The wider market jitters also played a hand in the share price drop. Not only that, the firm believes profit margins might improve as the recovery in US construction continues apace. However, the situation in Australia and Europe remains tough, while the picture is mixed in Asia.

Furthermore, margins may not pick back up as quickly as expected as competition rises. The shares are trading at 14 times' next year's earnings, above their long-run average of 10. Solid foundations for a recovery, but no better than a hold, says The Telegraph´s Questor team.


http://sharecast.com/news/tuesday-tips-round-up-intertek-keller-senior/21518277.html

Interim Management Statement

PRNW



For immediate release Friday, 16 May 2014

Keller Group plc

Interim Management Statement

Keller Group plc ("Keller" or "the Group"), the international ground
engineering specialist, today issues this Interim Management Statement,
covering the period from 1 January 2014 to 15 May 2014.

Overview of Markets

There has been no significant change in market trends since we last reported in
March.

The total US construction market continues to improve, with private expenditure
on construction significantly up on 2013, partly off-set by the continuing
decline in public construction expenditure. In Canada, the lull in activity
levels for major project awards in the oil sands market segment persists, while
demand in the commercial, residential and infrastructure segments remains
steady.

Challenging conditions endure in most of our European markets and, within the
Middle East, competition remains intense.

Elsewhere, we continue to see good opportunities in Asia and Africa, and some
early signs of activity levels improving in the infrastructure and commercial
segments in Australia.

Trading

Overall trading for the Group in the four months to the end of April was in
line with expectations in March. Although EMEA was behind, this was countered
by a strong performance from our businesses in the US, with Asia and Australia
on track. Year-to-date contract awards are up on this time last year and the
value of the like-for-like order book at the end of April, for work to be
executed over the next 12 months, is around 10% ahead of the same time last
year.

Accordingly, the Group's results for the full year remain in line with current
market expectations.

Financial Position

There has been no material change in the financial position of the Group since
the announcement on 3 March 2014 of the full-year results for the year ended 31
December 2013.

Divisional Review

North America

The improving US construction market has contributed to a strong performance in
the period, despite the particularly harsh winter.

Our US foundation contracting businesses have particularly benefitted from this
improved market; and Suncoast continues to take advantage of the recovery in
the residential market.

The integration of our 2013 acquisitions in Canada, Keller Canada and
Geo-Foundations, continues to progress to plan.

Europe, Middle East and Africa (EMEA)

Conditions in our European construction markets remain difficult and we are
continuing to focus on cost controls, business improvements and risk
management. In particular, we have seen a disappointing first few months across
Southern Europe and the Middle East has been quiet.

In South Africa, Franki Africa has made a good start under Keller with
integration progressing well.

Asia

Our businesses in Malaysia and Singapore had a solid beginning to the year.
Whilst the trading environment remains challenging in India, Keller India has
won some good work over the period and we expect an improved result in 2014.

Australia

Keller Australia's performance benefitted from the piling contract for the
on-shore LNG processing plant at Wheatstone, in Western Australia, which
continues to make good progress. Excluding Wheatstone, the Group's largest ever
contract, the Australian order book is significantly up on last year.

Summary

Justin Atkinson, CEO of Keller, said, "2014 continues to be another year of
progress for Keller with a particularly strong performance from our US business
to date".

Keller will publish a pre-close period trading statement on 27 June 2014 and
announce its preliminary half year results on 4 August 2014.

For further information, please contact:

Keller Group plc www.keller.co.uk

Justin Atkinson, Chief Executive 020 7616 7575

James Hind, Finance Director

Finsbury

Gordon Simpson 020 7251 3801

Rowley Hudson

Cautionary Statement

This announcement contains forward looking statements which are made in good
faith based on the information available at the time of its approval. It is
believed that the expectations reflected in these statements are reasonable but
they may be affected by a number of risks and uncertainties that are inherent
in any forward looking statement which could cause actual results to differ
materially from those currently anticipated. Nothing in this document should
be regarded as a profits forecast.

Ex dividend Wed 4 June 16p

Doc re pre-close trading statement

PRNW



For immediate release Friday, 27June 2014

Keller Group plc

Pre-close Trading Update

Keller Group plc ("the Group"), the international ground engineering
specialist, is providing the following routine, pre-close trading update in
advance of its results for the six months ending 30 June 2014, which are due to
be announced on Monday, 4 August 2014.

There have been no significant changes to the Group's trading or outlook since
the publication of our Interim Management Statement on 16 May 2014.

Doc re exceptional charge

PRNW



For immediate release 30 July 2014

Keller Group plc ("Keller" or the "Group")

Keller Group plc announces that it is to make a £30 million exceptional charge
in its 2014 half year results in respect of a dispute arising on a project that
Keller's UK subsidiary, Keller Limited, completed in 2008.

The dispute relates to purported defects in a floor slab at a warehouse for
which Keller Limited undertook the design and construction of the piling. These
purported defects are alleged by other parties to be due, in part at least, to
deficiencies in the provision of Keller's services.

The claims intimated against Keller Limited, which are currently the subject of
litigation, are denied and being vigorously defended. However, the Board has
determined that, given the uncertainties inherent in any litigation, it would
be appropriate to record an exceptional charge of £30 million in the Group's
2014 half year results. The amount is stated before taking account of
recoveries under applicable insurances which are yet to be agreed, as these
cannot be recognised under IFRS. The Group will update the market on future
developments when necessary.

Interim Results

Highlights include:



· Constant currency revenue is up 33%

· Excluding acquisitions, constant currency revenue increased by 22%

· Operating margin* of 4.5% (2013: 4.4%)

· Cash generated from operations £31.9m (2013: £30.2m)

· EPS* growth of 5%

· Interim dividend increased by 5% to 8.4p per share (2013: 8.0p)

· Net debt of £161.9m (1.2x annualised EBITDA)



http://www.moneyam.com/action/news/showArticle?id=4861775

Keller builds on strong foundations
By Trader Talk
August 16 2014, 7:00am


http://www.proactiveinvestors.co.uk/columns/trader-talk/16787/keller-builds-on-strong-foundations-16787.html

According to Shares the dip in the sp is well over done, with construction in evidence of recovery in the US and UK.

Director/PDMR Shareholding

PRNW



Keller Group plc ("the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES (PDMRs) AND CONNECTED PERSONS

The Company has been notified that Mr Paul Withers, Senior Independent
Non-executive director of the Company, today purchased 10,000 ordinary shares
in the Company at a price of 754.918p per share.

Following this purchase, Mr Withers' interests in Keller Group plc ordinary
shares are as follows:

Director and PDMR No. of shares % of issued share capital

Paul Withers 20,000 0.028


This announcement is made in accordance with DTR 3.1.4R.


Kerry Porritt
Group Company Secretary
16 October 2014

Interim Management Statement

RNS


RNS Number : 1379X

Keller Group PLC

17 November 2014






For immediate release Monday, 17 November 2014



Keller Group plc

Interim Management Statement

Keller Group plc ("Keller" or "the Group"), the international ground engineering specialist, today issues an Interim Management Statement, covering the period from 1 July 2014 to 16 November 2014.

Overview of Markets

In North America, which accounts for about half of the Group's revenue, the US construction market continues to increase steadily whilst in Canada we have seen no improvement in investment in the resources markets which underpin much of that country's economy. European markets as a whole remain difficult with few signs of improvement, whilst early signs of a recovery in the commercial and infrastructure sectors in Australia have dissipated in recent months. Our Asian construction markets are generally busy. The Board's expectation of the Group's results for the full year remains in line with current market expectations.

Trading

Overall trading for the Group in the four months to the end of October has been in line with expectations, with both revenue and operating profit ahead of the comparable period in 2013.

After a strong first half for contract awards, order intake has been somewhat slower in recent months and the value of the like-for-like order book at the end of October, for work to be executed over the next 12 months, is slightly behind the same time last year.

Financial Position

There has been no material change in the financial position of the Group since the announcement on 4 August 2014 of the Group's results for the half-year ended 30 June 2014.

In early October, the Group successfully secured US$125m of seven and ten year debt in the US private placement market on attractive terms. US$50m of this was drawn down on 9 October and was used to repay a maturing tranche of US private placement debt and the balance will be taken out on 16 December.

Exceptional item - contract dispute

On 30 July 2014, the Group announced an exceptional charge in relation to a contract dispute in the UK, expected to be around £30m. Despite extensive efforts by senior management to actively progress matters in the resulting litigation, there have been no material developments. The Group continues to manage this matter closely and will update the market as appropriate.

Divisional Review

North America

The improving US construction market continues to contribute to a strong performance from the Group's US businesses. Year to date revenue and profits are ahead of the comparable period last year in all of our US businesses and, at the end of October, the order book was close to record levels.

Due to current market conditions, however, margins in Canada remain under pressure. Since the half year, we have further reduced overhead costs at Keller Canada and successfully merged Geo-Foundations, a business based in Ontario acquired at the beginning of 2013, with Keller Canada's Toronto business.

Europe, Middle East and Africa (EMEA)

Conditions in our European construction markets remain challenging. Whilst there are signs of improvement in the construction markets in the UK and Poland, these are not replicated elsewhere. Overall, however, the results of our businesses in Europe remain ahead of last year, demonstrating the benefits of the Group's business improvement measures.

Franki Africa is performing in line with expectations and we see strong medium term prospects for the business. The Middle East has some good opportunities, but remains very competitive. We continue our prudent expansion in Latin America, with Brazil the key focus.

Asia

Our businesses in Asia are performing well. Trading in Singapore is on track whilst the recent acquisition of the Ansah business in Malaysia has offered a number of new opportunities. The trading environment remains challenging in India, but we have started to see some signs of improvement in both the construction market and our business.

Australia

The piling contract for the on-shore LNG processing plant at Wheatstone in Western Australia is now virtually complete. At around A$220m, the contract is Keller's largest ever and the excellent progress to date is testament to the Group's ability to harness its resources to undertake large and complex projects. The order intake in Australia has slowed significantly since July, as a result of which we have initiated a number of cost saving measures. Whilst we are now expecting a difficult first half in 2015, there remain a number of major prospects in the latter part of the year and into 2016.

Summary

Justin Atkinson, CEO of Keller, said, "We continue to expect the Group's results for the full year to be in line with current market expectations. Looking ahead, conditions in our largest market, the US, are encouraging and, across the Group, there are a number of exciting and large projects at various stages in the bidding process".

Keller will publish a pre-close full year statement on 19 December 2014 and announce its preliminary full year results on 2 March 2015.

3 Dec Liberum Capital 1,200.00 Buy

Trading Statement

PRNW



For immediate release Friday, 19 December2014

Keller Group plc

Year End Trading Update

Keller Group plc ("the Group"), the international ground engineering
specialist, is providing the following routine, pre-close trading update in
advance of its results for the financial year ending 31 December 2014, to be
announced on 2 March 2015.

There has been no significant change in market and trading conditions since the
release of the Interim Management Statement on 17 November 2014. The Board
therefore expects that the full year results will be in line with current
market expectations.

For further information, please contact:

Keller Group plc www.keller.co.uk
Justin Atkinson, Chief Executive 020 7616 7575
James Hind, Finance Director

Finsbury
Gordon Simpson 020 7251 3801
Rowley Hudson


Cautionary Statement

This announcement contains forward looking statements which are made in good
faith based on the information available at the time of its approval. It is
believed that the expectations reflected in these statements are reasonable but
they may be affected by a number of risks and uncertainties that are inherent
in any forward looking statement which could cause actual results to differ
materially from those currently anticipated. Nothing in this document should
be regarded as a profits forecast.

19 Dec Liberum Capital 1,200.00 Buy

Contract Award in Singapore
PRNW


For immediate release 7 January 2015

Keller Group plc

Contract Award in Singapore

Keller Group plc ("Keller"), the international ground engineering specialist,
announces that it has been awarded a major contract at Changi Airport in
Singapore.

The work comprises vibrocompaction of the ground as part of the land
preparation works for a major expansion of the airport. The contract is for a
total amount of SGD56m (£28m) and mobilisation has already commenced. The main
works start imminently and are expected to be completed by mid-2016.

Justin Atkinson, Keller Chief Executive, commented:

"I am delighted to announce Keller's involvement in such a prestigious
development. This contract award reflects both the Group's excellent track
record using vibrocompaction in Singapore and extensive experience in similar
airport construction projects around the world, including previously at
Changi."

7 Jan Liberum Capital 1,200.00 Buy
6 Jan Numis 1,070.00 Buy

16 Jan Berenberg 1,200.00 Buy
13 Jan Liberum Capital 1,200.00 Buy

23 Jan 2015 Keller Group PLC KLR Liberum Capital Buy 920.00 920.00 - 1,200.00 Reiterates

SP TARGET 1200p

Sharecast -


Keller settles on 2008 litigation claim

Wed, 11 February 2015



Keller settles on 2008 litigation claim



Keller has reached an agreement to settle against potential litigation, meaning final costs against a UK project dispute are not expected to exceed £60m.
The ground engineering group had announced last July that it would be taking an exceptional charge of £30m at its 2014 interim results due to a dispute arising on a project that its UK subsidiary completed in 2008.

"The final cost to Keller is dependent on a number of remedial actions to be undertaken as part of the settlement agreement but is not expected to exceed £60m, before taking account of any yet to be agreed insurance recoveries," the FTSE 250 company said in a statement on Wednesday.

As a result, Keller expects to make a further exceptional charge of between £20m and £30m in its 2014 full year results, not including potential future recoveries from insurance claims.

Keller will announce its full year results on 2 March.

12 Feb Numis 1,070.00 Buy

Contract award for major railway tunnel works i...
PRNW


For immediate release 23 February 2015

Keller Group plc

Contract award for major railway tunnel works in Austria

Keller Group plc ("Keller"), the international ground engineering specialist,
announces that it has been awarded a major contract in connection with the
construction of the Koralm railway line between Graz and Klagenfurt, in
southern Austria.

The work comprises jet grouting, bored piling and anchor works as part of the
soil preparation works above and beneath ground for the construction of a major
tunnel project on this key railway line in Austria. The total volume of the
works awarded to Keller is 31.2m (£23.1m). The project will start in the
second quarter of 2015 and is scheduled to run for a period of around two
years.

Justin Atkinson, Chief Executive of Keller, stated:

"I am delighted to announce another major project for Keller in connection with
an important infrastructure investment. This contract win, which involves a
number of different products and requires significant specialist skills, is a
testament to the technical excellence of Keller's market leading business in
Austria."

For further information

Preliminary results

Highlights include:



· Record revenue of £1,599.7m (2013: £1,438.2m), up 11%

· Operating profit* increased by 18% to £92.0m, despite an adverse currency impact of £9.3m

· Operating margin* raised to 5.8% (2013: 5.4%)

· Profit before tax* increased to £85.1m (2013: £74.1m)

· Earnings per share* of 75.3p (2013: 73.0p)

· Cash from operations of £165.4m, representing 117% of EBITDA* (2013: 106%)

· Total dividend per share of 25.2p (2013: 24.0p), an increase of 5%



/////////////////////////////////////////////////////////////////////////////////////////////////


2 Mar Investec 1,420.00 Buy

4 Mar Numis 1,220.00 Add

Trading update

Keller Group PLC (KLR:LSE) set a new 52-week high during today's trading session when it reached 1,105. Over this period, the share price is up 13.30%.

Keller acquires Austral Construction
StockMarketWire.com
Keller, the international ground engineering specialist, has acquired Austral Construction Pty Limited for A$42m in cash and a deferred payment of up to A$20m, dependent on EBITDA for the three years ending 30 June 2018.

Austral provides piling and civil construction services in the infrastructure and mining sectors.

The business has a particular emphasis on near-shore marine work, thus building on Keller's existing expertise in this market in Australia.

Austral is based in Melbourne, Victoria and also has strong relationships with major mining customers in Western Australia, where it is focused on major maintenance projects.

In the year ended 30 June 2014, Austral had revenue of A$76m and reported an operating profit of A$10.1m. Austral's gross assets as of 30 June 2014 totalled A$33.8m.

At 9:26am: (LON:KLR) Keller Group PLC share price was +20p at 1043p


Story provided by StockMarketWire.com

Interims Monday 3 Aug

Results for the six months ending 30 June 2015

Highlights



· Operating profit up 6%, despite lower revenue



· First half operating margin up 0.5% to 5.0% driven by improvements in North America and EMEA, the Group's two largest divisions



· Revenue down 4%, reflecting a lower contribution from major projects



· Order book up 5% on same period last year, positioning the Group well for the second half



· Two acquisitions announced in the period, in the US and Australia, for a total initial consideration of circa £45m, further expanding the Group's product offerings



· Group remains conservatively financed, with net debt of £171.5m (1.2x annualised EBITDA)



· Interim dividend up 5% to 8.8p per share

3 Aug Investec 1,420.00 Buy

Contract
PRN
For immediate release                                                                                11 October 2016
Keller Group plc
Contract Award in Port Said, Egypt
Keller Group plc (Keller), the worlds largest geotechnical contractor, announces that it has been awarded a major contract in Port Said, Egypt.
The contract for ground improvement works forms part of the development by the Egyptian Government of the eastern shore of Port Said, along the newly created navigation channels of the Suez Canal.  The contract is for a value of around 60m with work expected to commence imminently and to be completed by the third quarter of 2017.
Alain Michaelis, Chief Executive, commented:
This significant project win in the Middle East demonstrates the continued development of Keller in this important region.  This is the Groups second recent major award, following the award of the 50m contract in Abu Dhabi announced in August.

11 Oct
Peel Hunt
1,230.00
Buy

Acquisition
RNS
RNS Number : 2316C
Keller Group PLC
12 April 2017
 
 
 
 
 
 
For immediate release
Wednesday 12 April 2017
 
 
 
 
Keller expands instrumentation and monitoring capability
 
Keller Group has acquired instrumentation and monitoring company, GEO-Instruments, in North America.
 
Instrumentation and monitoring is increasingly sought by clients to control construction quality or monitor structural, ground or environmental properties such as vibration or noise during project execution. GEO-Instruments supply, manufacture, install, and integrate monitoring systems for buildings, excavations, bridges, railways, roads, tunnels, dams, embankments, and slopes. It is based in Rhode Island, with offices in New York, Washington DC, Seattle, and San Francisco.
 
"This is an important step in strengthening our global capability in instrumentation and monitoring; helping us innovate and scale our operations, and supporting the trend for increasing technology in our market," says Joseph Hubback, Keller Group Strategy Director and Global Lead for Getec (Keller's global instrumentation and monitoring brand). "The acquisition fits well within Keller's strategic framework driving growth, leveraging the scale of the group and enhancing operations."
 
GEO-Instruments will operate as a division of Getec and be led by its former owner, Pierre Gouvin, as President. Getec in North America will fall under the management of Keller company Hayward Baker.

21 Sep
Jefferies...
1,380.00
Buy

3 Nov
Liberum Capital
1,500.00
Buy

Trading update
RNS
RNS Number : 6443W
Keller Group PLC
16 November 2017
 
For immediate release                                                                                                   16 November 2017
 
Keller Group plc
Trading update
 
Keller Group plc ("Keller" or "the group"), the world's largest geotechnical contractor, issues the following trading update.
 
For the group as a whole, both revenue and profit in the four months since the half year are ahead of the same period last year. Tendering activity and contract awards remain healthy and the order book, of work to be undertaken in the next 12 months, is around 10% higher than at the same time last year.
 
The group remains on course to meet the Board's expectations for the full year, with good year-on-year growth in both revenue and operating profit.
 
There have been no major changes in our markets since we reported the group's 2017 interim results on 31 July.
 
In North America, the US construction market as a whole remains solid but with continuing regional and sectoral variations.  Hurricanes Harvey and Irma resulted in lost production on some sites in Florida and Texas for periods of up to two weeks in the third quarter.  Whilst this had an estimated negative one-off profit impact of £3m, we expect the heightened focus on hurricane and flood defences to lead to increased investment over time.  Operating profit in North America will decline in 2017 as a result of previously noted weakness in specific regional markets, as well as the one-off effect of the hurricanes.  Looking ahead, bidding activity remains healthy and the order book is around 10% above the level at the same time last year.  The group is expected to benefit from the proposed US corporate tax changes, if enacted, as well as in the medium term from any uplift in infrastructure spending in both the US and Canada.
 
In EMEA, we are still seeing strong revenue and profit growth, helped by continued excellent execution of the US$180m contract in the Caspian region, which remains on track to be substantially completed by the end of 2017.  As a result, and as previously noted, profit for this division in 2018 will be materially below what should be an excellent 2017 result.  Excluding this major project, EMEA's underlying performance is expected to continue to improve next year.
 
In APAC, pricing remains challenging in certain market segments.  However, the division continues to make progress in reducing its losses as the results of restructuring and a higher workload materialise.  Our business in India is growing strongly and in Australia we are seeing an upturn in investment from the resources industry. We continue to expect that APAC will return to profitability in 2018.
 
As outlined at our recent Capital Markets Day, we are confident that our technical leadership, wide product portfolio, broad branch network and operational strength will continue to drive our business forward.  We are on track for 2017 and expect the group as a whole to make further progress in 2018.
 
Keller will announce its 2017 full year results on 26 February 2018.

09:30 06/12/2017
Broker Forecast - Peel Hunt issues a broker note on Keller Group PLC
Peel Hunt today reaffirms its add investment rating on Keller Group PLC (LON:KLR) and raised its price target to 1050p (from 975p). Story provided by StockMarketWire.com

Potential Acquisition
RNS
RNS Number : 0359B
Keller Group PLC
05 January 2018

For immediate release 5 January 2018


Keller Group plc ("Keller" or "the Group"): potential acquisition


Keller today announces that it is in discussions to acquire Moretrench Inc., a geotechnical contracting company operating predominantly along the east coast of the US. Moretrench is an all employee owned business and Keller is making this announcement as the fact that discussions are ongoing is now being communicated to a much wider group of Moretrench employees.

Moretrench has a strong heritage of complex geotechnical projects and, in 2016, had revenue of US$170m, operating profit of US$9.3m and EBITDA of US$13.9m (excluding US$2.3m of charges relating directly to the Employee Share Ownership Plan). It is envisaged that the acquisition, should it proceed, will be funded wholly in cash using existing borrowing facilities.
The enlarged entity will represent by far the most capable geotechnical solutions provider on the east coast and will be very well positioned for the expected long run renewal of infrastructure. In addition, the acquisition gives Keller access to new niche geotechnical products as well as new industrial customers and should have good revenue and cost synergies. Keller and Moretrench have partnered on a number of successful project JVs in the past which gives confidence in the mutual compatibility of culture and management approaches.
The acquisition remains subject to the satisfactory completion of due diligence.

Keller will make a further announcement in due course.

Full year results

2017 summary:
· Record revenue of £2,070.6m, up 16%, driven by strong organic growth
· Underlying profit before tax up 16% to £98.7m
· Divisional performance
· EMEA: very strong profit growth (over 70% up to £53.3m) with excellent execution of large contracts
· North America: underlying profit decline of 14% to £78.7m, reflecting some ongoing regional softness and the negative impact of the hurricanes in the third quarter
· APAC: £16.5m operating loss, reduced slightly year on year, with progress held back by two contract losses
· Net debt decreased to £229.5m (2016: £305.6m), representing 1.3x EBITDA
· Year-end order book, excluding the Caspian project, up 5% giving confidence for 2018
· Good progress against target of £50m gross benefits from strategic initiatives - one third achieved in first of four years
· Underlying earnings per share increased 35% to 102.2p, in part due to a one-off tax credit of £9.7m
· Total dividend per share of 34.2p, up 20%, reflecting confidence in the group's prospects and higher expected future earnings following the recent US tax reforms

26 Feb
Numis
1,000.00
Hold
26 Feb
Peel Hunt
1,055.00
Add
26 Feb
Liberum Capital
1,500.00
Buy

15:20 27/02/2018
Director Deals - Keller Group PLC (KLR)
Peter Hill, Chairman, bought 9,000 shares in the company on the 27th February 2018 at a price of 943.00p. The Director now holds 25,000 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk

Acquisition of Moretrench
RNS
RNS Number : 3368J
Keller Group PLC
29 March 2018

For immediate release 29 March 2018

Keller Group plc
Acquisition of Moretrench Inc in North America


Further to its announcement on 5 January 2018, Keller today announces that it has acquired the entire issued share capital of Moretrench Inc., a geotechnical contracting company operating predominantly along the east coast of the US, from its employee shareholders for US$90.0m. At the end of February, the business had net cash of US$4.3m.

Moretrench has a strong heritage of complex geotechnical projects and in the year ended 31 December 2017 had revenue of US$168.3m, operating profit of US$11.3m and EBITDA of US$15.8m (both excluding US$2.8m of charges relating directly to the Employee Share Ownership Plan and the transaction). Moretrench's net assets as at 31 December 2017 were US$66.4m. The acquisition was funded wholly in cash from Keller's existing borrowing facilities.

Following the acquisition, Keller will be by far the most capable geotechnical solutions provider on the east coast and will be very well positioned for the expected long term renewal of infrastructure in the region. In addition, the acquisition gives Keller access to new niche geotechnical products as well as new industrial customers and should result in good revenue and cost synergies. Keller and Moretrench have partnered on a number of successful project JVs in the past which gives confidence in the mutual compatibility of culture and management approaches.

Alain Michaelis, Chief Executive of Keller, said:

"The acquisition of Moretrench is in line with our strategy of growing our product range and building strong customer-focused businesses. I am confident this will be an excellent addition to Keller. We know the business well, its people, technologies and geographic focus complement Keller's existing businesses in the US and there should be good synergies."

Trading Update
PRN
For immediate release 23 May 2018
Keller Group plc
Trading update
Keller Group plc (Keller or the Group), the worlds largest geotechnical solutions provider, issues a trading update ahead of its Annual General Meeting to be held at 11.00am today.
The Group has had a positive start to the year, with like for like revenue growth, and modest profit growth, in the first four months of 2018, despite the adverse impact of poor weather across both North America and Europe and the wind down of the Caspian project.
Tendering activity and contract awards remain healthy and the order book of work to be undertaken in the next 12 months, excluding the Caspian project and acquisitions, is 4% higher than at the same time last year.
There have been no major changes in our markets since we reported the Groups 2017 full year results on 26 February and the Group remains well positioned to address the global market trends of urbanization and infrastructure growth.
In North America, the first two months of the year were impacted by poor weather, but trading has improved notably in the last two months. The US construction market as a whole remains solid and continues to grow steadily, although Suncoast is having to contend with rising steel prices. The integration of Moretrench has started well and confirms Kellers position as the most capable geotechnical solutions provider on the East Coast, leaving it very well positioned for the expected long term renewal of infrastructure in the region.
In EMEA, despite the poor weather across most of Europe in the first quarter, our core European businesses are performing in line with expectations. The Middle East is having a quieter year following the completion of its two major projects and the Brazilian market remains challenging. The Groups very large Caspian project is now complete and we have largely demobilised. Excluding this project, we continue to expect further progress in EMEA in 2018.
In APAC, the actions taken to restructure the business are delivering results. Revenue growth is encouraging, particularly in Australia as a result of a healthy level of infrastructure work and the continued upturn in investment from the resources industry. Although pricing remains challenging in certain market segments, we continue to expect that APAC will return to profitability in 2018.
Our Group order book of over 1bn gives us confidence that our strategic initiatives, technical leadership, wide product portfolio, broad local branch network and operational strength will continue to drive the business forward. The Group continues to make good progress against the target of 50m gross benefits from strategic initiatives.
The Group has positive momentum in all its divisions and remains on course to meet the Board's expectations for the full year.
Keller will announce its interim results on 30 July 2018.

08:20 31/05/2018
Broker Forecast - Peel Hunt issues a broker note on Keller Group PLC
Peel Hunt today reaffirms its buy investment rating on Keller Group PLC (LON:KLR) and raised its price target to 1160p (from 1090p). Story prov

Results for the six months ending 30 June 2018

H1 2018 summary:
· Record first half revenue of £1,075m driven by constant currency growth of 15%
· Strong underlying constant currency operating profit growth of 22%
· Divisional performance
· North America: strong growth in both revenue and profit, despite poor weather in the first quarter
· EMEA: solid performance with profits maintained despite less revenue from large projects and a harsh winter
· APAC: losses substantially reduced; profitable second quarter and an encouraging order book
· Tendering activity remains positive and the order book remains healthy - up 1% excluding the Caspian project, giving confidence for the full year
· Net debt increased to £367m, representing 1.9x annualised EBITDA, due to the Moretrench acquisition, strong organic growth and normal seasonal working capital outflows - currently expected to be around 1.5x at year end
· Underlying earnings per share increased 17% to 41.0p
· Interim dividend per share of 12.0p, up 24%, following the upward rebasing of the 2017 full year dividend