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Keller expecting 'excellent' results this year

Keller Group today said it is expecting to “an excellent set of results” for 2008.

In a trading update today the specialist ground engineering company said it has continued to see strong trading since its Interim Management Statement on 13 November.

However, the company noted that due to the global economic uncertainty, orders in a number of geographies have eased in the past few months from their recent high level.

Yet, with the strengthening of most currencies against sterling, the sterling value of the order book remains at a similar level to this time last year.

In November, the company said in its interim management statement that trading in the period from 1 July to 12 November remained very strong and added that it continued to see good organic growth, particularly in Eastern Europe, Middle East and Australia.

In view of this strong trading, the board at that time expected to report record results for the year as a whole, around the top end of market expectations.

The company, which is building the foundations for the main stadium of London's 2012 Olympic Games, is expected to announce 2008 results on 2 March.