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 enjoys 10pc profit hike

Keller today reported a 10 per cent hike in pre-tax profits for last year boosted by strong growth in the Middle East, Eastern Europe and Australia.

But the engineering giant has warned of tougher conditions to come with the firm’s order book down 10 per cent on last year in constant currency terms.

Keller’s turnover for the year to 31 December 2008 rose 25 per cent to £1.2 billion, from £955 million the previous year.

Pre-tax profit increased 10 per cent to £113.2 million.

Net debt rose from £54.5 million to £84.6 million after £20.7 million of adverse currency movements.

But Keller has a strong balance sheet with £225 million of committed debt facilities giving it significant headroom.