Kier Announces Big Profits in Upcoming Months
Posted on: 30/06/2015

Kier has announced, following their acquisition of Mouchel, a significant increase in their order revenue from £6.5bn to £9.3bn.

The company have revealed that all four of their divisions have upheld to management expectations, but substantial growth was specifically seen in the construction division.

Margins for booked jobs remain at approximately 2%, and orders which have been viewed as either definite or are of high potential make up more than 80% for anticipated revenue for financial year 2015-2016.

Recent big contract wins have been viewed as the biggest contributor to the success of the construction division. Wins include the North West Construction Hub medium-value framework, which involves projects ranging in value from £2M to £9M, and three lots under the £4bn Southern Construction Framework.

This is an exciting time for Kier, and stands as a good indicator for the construction industry as a whole.

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