Keller Group PLC
13 May 2003
Embargoed for release at 07.00 hrs
Tuesday, 13 May 2003
Keller Group plc ('the Company')
AGM Statement and Trading Update
Dr Michael West, Keller Group Chairman, speaking at the
Company's Annual General Meeting to be held at 09.30 this
morning, will make the following comments to
shareholders:
'As we indicated in the announcement of our excellent
2002 results, the first quarter of the current year got
off to a slow start, with some jobs delayed by weather in
the US and weak trading in the UK. Nevertheless,
contract awards for the first three months of 2003
remained strong in most parts of the business. The total
order book stood at just over £220 million at the end of
March 2003, representing four and a half months' sales,
which compares to just under £200 million at the same
time last year.
'Once again, the profile of our global order book -
representing a mix of small and medium sized contracts
with a balance between new-build and refurbishment and
between the public and private sectors - demonstrates our
resilience to downturns in particular market sectors and
countries.
'This year, the Group will benefit from a full year's
contribution from the businesses that we acquired in
December 2002, McKinney and Keller-Terra, and their
integration is proceeding in line with plan.
'Overall, the Board expects another year of steady
progress for the Keller Group.'
A trading update for the first half of the current
financial year will be announced towards the end of June
2003.
-Ends-
For further information, please call:
Keller Group plc www.keller.co.uk
Tom Dobson, Chief Executive 020 8341 6424
Justin Atkinson, Chief Operating Officer
and Finance Director
Weber Shandwick Square Mile 020 7067 0700
Reg Hoare/ Josh Royston
This information is provided by RNS
The company news service from the London Stock Exchange
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