Keller Group PLC
02 May 2006
For immediate release Tuesday, 2 May 2006
Keller Group plc
Trading Update
Keller Group plc ('Keller' or 'the Group'), the international ground engineering
specialist, today announces a trading update for the current financial year to
date.
The results for the first three months of 2006 were exceptionally good, with
strong sales growth and significantly higher margins than in the same period
last year. This performance has continued into April.
Order intake was also very strong, taking the current order book to a record
level, at six months' budgeted sales.
These results reflect another outstanding performance in the US, where weather
conditions were benign and markets remain strong. In Continental Europe &
Overseas, the results were well above last year's level. The Group's German
operations had a promising start to the year, helped by improving market
conditions.
The strength of trading in the year to date, combined with the record order
book, lead the Board to believe that Keller's results for the six months ending
30 June 2006 will be substantially higher than for the same period last year.
In light of this exceptionally good start, the Board is now confident that 2006
will be another excellent year, with sales in excess of £800 million and profits
ahead of last year.
A further update on trading will be provided at the time of the Group's AGM, to
be held on 22 June 2006.
Justin Atkinson, Chief Executive, commenting, said:
'An excellent start to the current financial year means that we now expect to
beat last year's record results. This gives us a strong platform from which to
continue our strategy of further consolidating our global leadership in
specialist ground engineering services.'
For further information, please contact:
Keller Group plc 020 7616 7575
Justin Atkinson, Chief Executive
James Hind, Finance Director
Smithfield 020 7360 4900
Reg Hoare
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.