9 March 2021 | 09:41am
StockMarketWire.com - Keller warned that 2021 would be more challenging after reporting annual results that topped market expectations as profit rose on higher margins.
For 2020, pre-tax profit grew to £63.8 million from £51.6 million even as revenue fell 10% to £2.06 billion.
Operating profit was up 6% to £110.1 million, driven by a strong first quarter, a resilient second half, particularly in North America, and a full year of profitability in APAC, the company said.
Underlying operating margin increased to 5.3% from 4.5%.
The company proposed an unchanged final dividend of 23.3p a share. As previously indicated, we saw a softening in the order intake during the second half of 2020 and into 2021 with overall trading in the early part of the year relatively subdued, the company said.
18 February 2021 | 08:35am
StockMarketWire.com - Keller and VSL International said their equal joint venture, KVJV, had been awarded a £167 million contract to deliver geotechnical work as part of the High Speed 2 project in the UK.
Under the contract, KVJV is to construct the piled foundations for the viaducts, grouting works, retaining structures for four ventilation shafts, and ground improvement works for the execution of the tunnel cross passages, the company siad. KVJV has already completed supplementary site investigations and pile testing, the companies said. The teams are currently working on advance works for the south portal of the tunnel that will be the entry point for the tunnel boring machines, and the first diaphragm wall for one of the ventilation shafts, they added.