Keller Group plc ("Keller" or "the Group"), the international ground engineering specialist, is pleased to announce its full-year results for the year ended 31 December 2013.
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
Justin Atkinson, Keller Chief Executive said:
"All four divisions improved their operating margin. This reflects a sharp focus on continuous improvement in many aspects of the business, as well as an excellent performance on several major projects and improving conditions in certain of our markets.
"The three acquisitions we completed in the year give the Group market-leading positions in target markets offering attractive, long-term growth opportunities."
"Overall, we expect 2014 to be another year of progress. Looking further ahead, we remain optimistic about our long-term prospects and we are confident that the Group is well positioned to take full advantage of future opportunities."
A presentation for analysts will be held at 9.30am at The Lincoln Centre,
18 Lincoln's Inn Fields, London WC2A 3ED
A live audio webcast will be available from 9.30am and, on demand, from 2.00pm at
http://www.keller.co.uk/investors/results-centre/latest-results
Print resolution images are available for the media to download from www.vismedia.co.uk
Notes 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 £1.5bn, Keller has approximately 9,000 staff world-wide.
Keller is the clear market leader in North America, Australia and Southern Africa; it has prime positions in most established European markets; and a strong profile in many developing markets.