KELLER GROUP PLC
18 October 1999
#15M CONTRACTS IN EUROPE
Keller Group plc, the global ground engineering services company, has recently
been awarded contracts valued at #15m for work in Continental Europe. Key
orders include:
- #2.5m of specialist grouting to fill voids beneath the Frankfurt/Cologne
railway line, which is being upgraded for high-speed trains
- #4.2m contract to install pile foundations for the Expo 2001 at
Neuchatel, Switzerland
- A shoring contract valued at #1.65m involving piles, Soilcrete grouting
and ground anchors for a casino in northern Italy
- In May, Keller announced #30m of new orders in Europe, the US and
Australia. This followed an announcement of UK wins worth #14m in
February.
Tom Dobson, Chief Executive, commented:
'These orders confirm the growing strength of European markets, and
underline Keller's unrivalled coverage on the continent.'
For further information:
Susy Streeter GCI Focus Group Ltd 0171 600 1392
Notes to Editors:
- Keller is listed on the London Stock Exchange and is capitalised at
#161m. It is on a forward multiple of 14 times 1999 forecast earnings.
- It has offices in 19 countries and approximately 2,400 employees
world-wide.
- The Company announced interim results for the half year to 30 June, 1999
which showed profit before tax increased 19% to #6.3m and earnings per
share increased by 17% to 6.9p (1998: 5.9p). Gearing remained low.
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