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KELLER GROUP PLC (KLR)     

dreamcatcher - 30 Jul 2012 17:16




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



Chart.aspx?Provider=EODIntra&Code=KLR&SiChart.aspx?Provider=EODIntra&Code=KLR&Si



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."

dreamcatcher - 30 Jul 2018 17:22 - 172 of 172

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
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