Keller Group PLC
9 May 2002
9 May 2002
Keller Group plc
AGM Statement and Trading Update
Dr Michael West, Keller Group Chairman, speaking at the Company's Annual General
Meeting at 11.00am this morning, will make the following comments to
shareholders:
'Against the backdrop of a successful year in 2001 and in line with my comments
at the time of the preliminary results, the current year has started extremely
well. We have seen a recovery in some of our key European markets, our Asian
markets are strong and our US businesses show no signs of slowing. The
performance of the Suncoast business continues to be on target.
In the first three months of 2002, contract awards were well ahead of the first
quarter in 2001, on a like-for-like basis. Order intake has remained robust in
America and has more than doubled in our Continental Europe and Overseas
businesses, when compared with the same period last year. The total order book
stood at just under £200 million at the end of March 2002, the majority of which
is expected to be completed within the next six months.
Key new orders include two sand compaction contracts for land reclamation
projects in Singapore, with a combined value of €27.8 million (£17.4 million),
while in Kentucky, Case was awarded a $8.6 million (£5.9 million) caisson
project, which will enable new highway and railway bridges to be built over the
Tennessee River. In the UK, Keller has started preliminary works on a contract
for piling to support elevated sections on the Channel Tunnel Rail Link project,
whilst reactive maintenance services will take Makers into a new line of
business with good growth prospects.
Looking ahead, the board remains confident about the out-turn for the year.'
For further information, please call:
Tom Dobson Chief Executive 020 8341 6424
Justin Atkinson Finance Director 020 8341 6424
Jackie Holman Company Secretary 020 8341 6424
Peter Gaze Weber Shandwick I Square Mile 020 7950 2800
Laurence Read Weber Shandwick I Square Mile 020 7950 2800
This information is provided by RNS
The company news service from the London Stock Exchange
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