2003 Press Releases
07/03/2003
Preliminary results for the year ended 31 December 2002
Keller Group plc (“Keller” or “the Group”), the global construction services group, is pleased to announce its preliminary results for the year ended 31 December 2002. Highlights include:- Sales break through £500m barrier
- Operating profit* up 35% to £34.3m; margins* up to 6.7% (2001: 6.0%)
- Profit before tax* up 29% to £30.4m (2001: £23.6m)
- Earnings per share* increased 27% to 32.7p (2001: 25.8p)
- Strong cash flow with EBITDA interest cover of 11 times
- Five acquisitions completed during the year
- 2003 prospects enhanced by recent acquisitions
- Recommended total dividend up 8% at 9.9p (2001: 9.2p)
* before goodwill amortisation of £3.1m Commenting on the results, Tom Dobson, Keller’s Chief Executive said: “These excellent results demonstrate our ability to generate sustained organic growth, complemented by selective value-creating acquisitions. The consistency of performance across the Group, with significantly improved margins, reflects the strength of our business model and the ability of our management to adapt to changing market conditions.” “I am pleased to be able to report that we go into 2003 with a total order book representing four months’ sales, which gives a strong platform for the year ahead.” | Keller Group plc | www.keller.co.uk | | Tom Dobson, Chief Executive | On the day: 020 7067 0700 | | Justin Atkinson, Chief Operating Officer | Thereafter: 020 8341 6424 | | and Finance Director | | |  | | | Weber Shandwick | Square Mile | | | Reg Hoare/ Josh Royston | 020 7067 0700 |
A briefing for analysts will be held at 9.15 for 9.30am on Friday, 7 March 2003 at the offices of Weber Shandwick Square Mile, Fox Court, 14 Gray’s Inn Road, London, WC1X 8WS. View the full press release in PDF format (103 KB) View the Preliminary financial information in PDF format (55 KB) View the Presentation to analysts, 7 March 2003 in PDF format (654 KB)
|
