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Keller reports positive start to 2018

Keller has announced like for like revenue growth and modest profet gains in the first four months of the year, despite poor weather conditions in North America and Europe impacting on project progress.

The company released the trading statement, in which is described the results as a “positive start”, ahead of its AGM today.

Keller said that tendering activity and contract awards remain healthy and the order book of work to be undertaken in the next 12 months is 4% higher than the same time last year on a like for like basis.

According to Keller, all the markets it operates in have remained relatively stable over the first part of the year and are performing in line with expectations, although the Middle East is reported to be quieter following completion of two major projects.

In the US, Keller reports that the integration of Moretrench has started well and the company has said that the acquisition positions it as the most capable geotechnical solutions provider on the East Coast and the business expects to benefit from the long term renewal of infrastructure planned in the region.

“The group has positive momentum in all its divisions and remains on course to meet the board’s expectations for the full year,” said the company.

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