Kier Group continues to trade in line with management expectations
Construction and property firm Kier Group said on Tuesday that it had continued to trade well and in line with internal expectations in the period ended 30 April.
Kier said its order book was roughly £11.0bn, consistent with its half-year position, representing an approximately 2% increase on its year-end position of £10.8bn.
The London-listed group highlighted that it has secured revenues of roughly 80% for FY26, providing "a high degree of visibility". Additionally, Kier noted that long-term framework positions were excluded from its order book and represented an additional opportunity.
Kier also said bidding discipline and risk management embedded across the business had driven a "higher quality" order book, which combined with the recapitalisation of its property business, led it to increase its operating profit margin target to 4.0%-4.5% in three to five years.
As of 0815 BST, Kier shares were up 1.19% at 170.40p.
Reporting by Iain Gilbert at Sharecast.com