Keller Group, a leading geotechnical specialist contractor based in London, has announced its positive outlook for the second half of 2023. The company also backed its full-year expectations as it posted impressive pretax profit results for the first half of the year.
For the six months ended June 30, Keller Group recorded a pretax profit of £43.1 million ($55.3 million), showing significant growth compared to £25.4 million for the same period last year. This remarkable increase was primarily driven by the strong performance at North America Foundations and increased profitability at Suncoast.
Furthermore, the company's revenue also witnessed a rise from £1.33 billion to £1.47 billion, reflecting its continued success.
In addition to these positive results, Keller Group declared an interim dividend of 13.9 pence per share, marking an improvement from the previous year's 13.2 pence.
Keller Group's order book currently stands at an impressive £1.5 billion, which provides a solid foundation for their performance in the second half of the year.
"The continued momentum in the business, together with our strong order book, underpins the board's confidence in meeting our full-year expectations, which remain unchanged," stated Chief Executive Michael Speakman. He further added that the company's performance for the year is expected to be evenly distributed between the first and second halves.
