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."

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