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."

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