Keller Group plc (“Keller” or “the Group”), the international ground engineering specialist, is pleased to announce its interim results for the six months ended 30 June 2008.
Highlights include:
- Revenue* of £568.7m (2007: £443.9m) up 28%, driven by excellent organic growth outside the US
- Operating profit* of £56.1m (2007: £47.4m) up 18%
- Group now much more broadly based, with less exposure to individual market cycles
- Profit before tax* of £54.2m (2007: £45.4m) up 19%
- Basic earnings per share* up 20% to 51.6p (2007: 42.9p)
- Interim dividend per share of 6.9p (2007: 6.0p), in line with the policy of dividend increases of 15% per annum
* from continuing operations
Justin Atkinson, Keller Chief Executive said:
“I am pleased to report another excellent set of results which once again demonstrates both the successful implementation of our strategy and our robust business model.
“The trend of increased geographic diversification has continued, particularly with our investment into the fastest-growing parts of the Group in the Middle East, Eastern Europe and Australia, and as a result we are now more broadly based than ever.
“We go into the second half of 2008 with a strong order book and the Board anticipates that the Group’s results for the year as a whole will be broadly in line with last year’s excellent performance.”
A presentation for analysts will be held at 9.15 for 9.30am at the Theatre & Gallery,
London Stock Exchange, 10 Paternoster Square, London, EC4M 7LS
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