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Interim Results Announcement for the 6 months ended 30 June 2016

Highlights

Revenue (£m)£849.7
+12%
(H1 2015: £755.8)

Operating profit (£m)1£35.6
(6%)
(H1 2015: £37.7)

Cash generated from operations (£m)2£41.9
+125%
(H1 2015: £18.6)

Earnings per share (GBP)127.4p
(12%)
(H1 2015: 31.1p)

Order book to be
executed in next
12 months up
10% on prior year

Interim dividend per share (GBP)9.25p
+5%
(H1 2015: 8.8p)

1exceptional items before tax totals £5.2m (2015: £3.0m), primarily relating to the amortisation of acquired intangible assets

2exceptional cash outflows from operations total £2.1m (2015: £25.0m), relating to the 2014 exceptional contract provision

CEO comment

“We have seen an encouraging start to the year in North America and EMEA, our two largest Divisions.  APAC made a loss in the period, due to market conditions and project delays, but we expect a return to profitability in the second half of the year.  Overall, the Group continues to make good progress against our medium-term objectives, building on our strong market positions and favourable market trends.”

Summary

Results summary:

  H1 2016 H1 2015 % change Constant
currency
% change
Underlying results (before exceptional items)        
Revenue £849.7m £755.8m +12% +9%
Operating profit1 £35.6m £37.7m -6% -10%
Earnings per share1 27.4p 31.1p -12% -16%
Cash generated from operations2 £41.9m £18.6m +125% +136%
Interim dividend per share 9.25p 8.8p +5% n/a
         
Results after exceptional items        
Operating profit £30.9m £35.0m -12% -15%
Earnings per share 21.9p 27.9p -22% -26%
Cash generated/(utilised) from operations £39.8m (£6.4m) n/a n/a

1exceptional items before tax totals £5.2m (2015: £3.0m), primarily relating to the amortisation of acquired intangible assets

2exceptional cash outflows from operations total £2.1m (2015: £25.0m), relating to the 2014 exceptional contract provision

Results archive

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Date

Title

Press release

Presentation

Webcast

01 Aug 16

Interim Results Announcement for the six months ended 30 June 2016

24 May 16

Trading Statement

29 Feb 16

Preliminary Results Announcement for the year ended 31 December 2015

16 Nov 15

Trading Statement

03 Aug 15

Interim Results Announcement for the six months ended 30 June 2015

14 May 15

Trading Statement

02 Mar 15

Preliminary Results Announcement for the year ended 31 December 2014

19 Dec 14

Year End Trading Update

17 Nov 14

Interim Management Statement

04 Aug 14

Interim Results Announcement for the six months ended 30 June 2014

16 May 14

Interim Management Statement

03 Mar 14

Full year results announcement for the year ended the 31 December 2013

19 Dec 13

Year End Trading Update

19 Nov 13

Interim Management Statement

29 Jul 13

Interim results for the six months ended 30 June 2013

28 Jun 13

General Meeting - Acquisition of North American Piling

28 Jun 13

Pre-close Trading Update

15 May 13

Interim Management Statement

04 Mar 13

Full year results announcement for the year ended the 31 December 2012

18 Dec 12

Year End Trading Update

15 Nov 12

Interim Management Statement

16 Oct 12

Capital Markets Day – Keller Australia

16 Oct 12

Capital Markets Day – Keller Asia

16 Oct 12

Capital Markets Day – Keller EMEA

16 Oct 12

Capital Markets Day – Keller North America

30 Jul 12

Interim results for the six months ended 30 June 2012

29 Jun 12

Pre-close Statement

18 May 12

Interim Management Statement

27 Feb 12

Full year results announcement for the year ended the 31 December 2011

15 Dec 11

Year End Trading Update

15 Nov 11

Interim Management Statement

01 Aug 11

Interim results for the six months ended 30 June 2011

12 May 11

Interim Management Statement

28 Feb 11

Full year results announcement for the year ended the 31 December 2010

02 Aug 10

Interim results for the six months ended 30 June 2010

02 Mar 10

Preliminary results for the year ended 31 December 2009

30 Jul 09

Interim results for the six months ended 30 June 2009

02 Mar 09

Preliminary results for the year ended 31 December 2008

30 Jul 08

Interim Results for the six months ended 30 June 2008

18 Jun 08

Keller in Eastern Europe

18 Jun 08

Keller Ground Engineering

18 Jun 08

Keller in the Middle East

03 Mar 08

Preliminary results for the year ended 31 December 2007

20 Aug 07

Interim results for the half year ended June 2007

01 Mar 07

Preliminary results for the year ended 31 December 2006

21 Aug 06

Interim results for the six months ended 30 June 2006

06 Mar 06

Preliminary results for the year ended 31 December 2005

22 Aug 05

Interim results for the six months ended 30 June 2005

07 Mar 05

Preliminary results for the year ended 31 December 2004

23 Aug 04

Interim results for the six months ended 30 June 2004

24 Jun 04

Presentation to analysts June 2004

12 Mar 04

Preliminary results for the year ended 31 December 2003

22 Aug 03

Interim results for the six months ended 30 June 2003

07 Mar 03

Preliminary results for the year ended 31 December 2002

22 Aug 02

Interim results for the six months ended 30 June 2002

07 Mar 02

Preliminary results for the year ended 31 December 2001

Keller at a glance

10,000

staff world-wide in more than 40 countries

Multimedia

Keller at work

Worldwide contacts

Keller is in over 40 countries across five continents

From our history

1954

Keller is established

1984

Keller acquired Hayward Baker (US)

1994

Keller IPO on London Stock Exchange

2002

Acquired Mckinney (US)

2006

Acquired Piling Contractors (Australia)

2015

c.10,000 employees, Acquired Bencor (North America) and Austral (Australia)