Press releases

Interim Results for the six months ended 30 June 2007

20 August 2007

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 2007.

Highlights include:

• Revenue of £465.2m up 3% (9% on a constant currency basis)
  
  
• Record first-half operating margin of 9.0% (2006: 7.9%)
  
  
• Profit before tax of £40.1m up 20% (28% on a constant currency basis)
  
  
• Basic earnings per share up 23% to 37.2p (2006: 30.3p)
  
  
• Recent major contract wins contribute to a record order book
  
  
• Interim dividend per share increased to 6.0p (2006: 4.2p)
  
  
• Withdrawal from the loss-making, non-core Makers business
  
  
  

Justin Atkinson, Keller Chief Executive said:

"The momentum of the past two years has continued through this first half, with strong overall trading, further margin enhancement and an impressive contribution from all our recent acquisitions.

"The prevalence of very large scale development projects around the world, requiring complex foundation solutions, is playing to our strengths. Increasingly, combined Group resources are co-operating on large projects, demonstrating the benefits of scale and the synergies between our businesses.

"In these favourable conditions, and with an all-time high order book, the Board now expects that the full-year results of the Group's continuing operations will significantly exceed last year's outstanding results."

For further information, please contact:

Keller Group plc	www.keller.co.uk
Justin Atkinson, Chief Executive	020 7616 7575
James Hind, Finance Director
Smithfield	020 7360 4900
Reg Hoare/Rupert Trefgarne

 

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