Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Keller profits double after North America and 'self help' boost

Keller has announced record revenues of £1.3 billion and has doubled its profit before tax in the year to 31 December 2012.

The ground engineering specialist recorded revenue up 14 per cent from its 2011 £1.15bn while profit before tax doubled to £43.5m (from £21.9m).

The group issued a profit warning in 2011 but recovered to announce an 8 per cent growth in turnover, and an “all time high” level order book by the end of January 2012, in its results one year ago.

 Keller chief executive Justin Atkinson, said: “These results reflect an improved performance in three of our four divisions, driven by a combination of the self-help measures taken across the Group and a strong performance by our business in North America, where market conditions continue to improve.  

“Whilst our EMEA division faced very challenging markets across most of Europe, resulting in a first-half loss, its performance improved as the year progressed and it made a profit for the year as a whole. 

“Overall, we are confident that 2013 will be another year of progress and that the measures we have taken, and continue to take, will further improve and develop our business.”

The firm is one of more than 20 highlighted for their work on Crossrail as part of a new supply chain map, first details of which were published today.

More to follow.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.