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Keller reports stability in European market

Steady US growth and a stable market in Europe have been reported by Keller in its latest trading statement but challenging conditions in Canada and no improvements in its Australian business means revenues are down year on year.

Keller has said that its Europe, Middle East and Africa region has produced better results than in 2014 with good profitability recorded in Germany, Poland and Austria. Keller added that its African business is performing well and the business sees increased opportunities in the Middle East.

“Overall trading for the group in the four months to the end of October has been in line with management expectations,” said Keller. “Year to date revenue remains down on last year as a result of lower revenues from major projects, primarily due to the completion of the Wheatstone project in Australia in 2014.

“Operating profit is ahead of the same time last year, supported by solid operational progress and some good final project settlements, particularly in the US.”

Keller also reported that its order book for the next 12 months is currently 20% higher than at this time last year.

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