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Keller reports record six months

Strong growth in the Europe, Middle East and Africa regions has boosted Keller’s financial results for the first six months of the year and offset a slowdown in parts of its US market.

The company has reported that revenue in the first six months of this year grew to £991.1M, which is 17% higher than for the same period last year. Operating profit was also up at £78.1M which is a rise of 24% over the first six months of 2016.

Currency changes have bolstered these figure but, even removing that effect, revenue is up 4% and profit 14%.

Keller chief executive Alain Michaelis used the financial statement as an opportunity to remember the 18 employees who were killed in a road traffic incident in South Africa on 4 July when buses transporting staff were in collision with a truck. “We have all been immensely saddened by the recent road traffic accident in South Africa, in which 18 Keller employees lost their lives and a further 15 were injured,” he said. “Our deepest sympathies go out to the victims and their families, friends and colleagues. Our priority is providing support to them during this difficult time.”

Commenting on the financial results, Michaelis said: “Our results show significant overall profit growth and we have ended the half year with a record order book. As a result, the Board is confident that the group’s full year 2017 results will be in line with its expectations.”

 

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