For immediate release Friday, 7 January 2005
Keller Group plc
Year End Trading Update
Keller Group plc ('Keller' or 'the Group'), the international ground
engineering specialist, today announces a trading update for its financial year
ended 31 December 2004.
The Board is confident that the Group's overall performance for the year will
be in line with market expectations.
Overall, the Group has delivered good underlying organic sales growth in the
year across its international markets. In particular, Suncoast's first half
progress was maintained, resulting in restored full-year margins. As
anticipated in our August 2004 interim results announcement, Makers has
returned to sustained profitability in the second half.
As expected, Group profits for 2004 will reflect a net adverse impact from
exchange rate movements, principally relating to the weaker US dollar, of
around £2m.
With the recent awards of several large contracts in the US, announced
separately today, the current order book is good, representing over four
months' sales.
Keller intends to announce its preliminary results on 7 March 2005.
Justin Atkinson, Keller's Chief Executive, said:
'Having successfully addressed the issues in Makers and Suncoast, the Group has
made considerable progress for the year as a whole, notwithstanding the impact
of currency movements.
'The last quarter of 2004 saw a robust order intake for the Group and the
current order book now represents over four months' sales.'
For further information, please contact:
Keller Group plc
Justin Atkinson, Chief Executive 020 8341 6424
James Hind, Finance Director
Smithfield 020 7360 4900
Reg Hoare (07831 406 117)
Rupert Trefgarne
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