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Kier Group plc ( (GB:KIE) ) has issued an announcement.
Kier Group plc reported significant operational and financial progress for the six months ending December 31, 2024, with a 5% increase in revenue and a 3% rise in adjusted operating profit. The company achieved a strong net cash position, reducing average month-end net debt by £99 million, and announced a 20% increase in the interim dividend. Kier’s record order book of £11 billion provides substantial visibility, with 98% of expected FY25 revenue secured. The company is well-positioned to benefit from UK Government infrastructure spending commitments and has initiated a £20 million share buyback program, reflecting confidence in its sustainable growth plan.
More about Kier Group plc
Kier Group plc is a leading UK infrastructure services, construction, and property group. The company provides specialist design and build capabilities, leveraging the knowledge, skills, and intellectual capital of its workforce to manage and integrate all aspects of projects. Kier operates with a local focus through a network of offices across England, Wales, Scotland, and Northern Ireland.
YTD Price Performance: -5.66%
Average Trading Volume: 1,586,182
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £601.2M
Learn more about KIE stock on TipRanks’ Stock Analysis page.