2003 Press Releases
22/08/2003
Interim results for the six months ended 30 June 2003
Keller Group plc (“Keller” or “the Group”), the global construction services group, reports further progress in the first half of 2003; highlights include: - Turnover increased by 11% to £278.7 million (2002: £250.5m)
- Profit before tax* up 7% to £12.8 million (2002: £12.0m), after adverse £0.6 million currency impact
- EBITDA interest cover of 11 times
- Interim dividend raised 4.5% to 3.45p (2002: 3.3p)
- Strong performance from Foundation Services
- Encouraging first contributions from 2002 acquisitions, Keller-Terra and McKinney
- Action taken to restore margins in the UK
- Board succession plans completed
* before exceptionals and amortisation of intangibles Tom Dobson, Keller Chief Executive said: “While the first half was characterised by a strong performance from the Continental Europe and Overseas business and a steadily improving performance from the US foundations business, trading in the UK was disappointing. We have implemented a number of actions to improve performance in our two UK businesses. "Overall our strong business fundamentals and an order book representing 4 months’ sales give us confidence that we shall report a further year of growth." Enquiries: | Keller Group plc | www.keller.co.uk | | Tom Dobson, Chief Executive | 020 8341 6424 | | Justin Atkinson, Chief Operating Officer | | | James Hind, Finance Director | | |  | | | Weber Shandwick | Square Mile | | | Reg Hoare/ Josh Royston | 020 7067 0700 |
A briefing for analysts will be held at 9.15 for 9.30 am on Friday, 22 August 2003 at the offices of Weber Shandwick Square Mile, Fox Court, 14 Gray's Inn Road, London, WC1X 8WSPrint resolution images are available for the media to download from www.vismedia.co.uk View the full press release in PDF format (169 KB) View the Interim financial information in PDF format (64 KB) View the Presentation to analysts, 22 August 2002 in PDF format (592 KB)
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