Keller Group (KLR)

Sector:

Construction and Building Materials

Index:

FTSE Small Cap

576.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 876.00
  • 52 Week Low: 445.50
  • Currency: UK Pounds
  • Shares Issued: 72.21m
  • Volume: 26,622
  • Market Cap: £415.93m
  • RiskGrade: 212

Keller Group delays interim dividend as profits rise

By Josh White

Date: Tuesday 04 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Geotechnical specialist Keller Group reported a 5% fall in revenue at constant currency in its first half on Tuesday, to £1.04bn, as its underlying operating profit improved 20% to £47.9m.
The London-listed firm said its underlying profit before tax was 39% higher year-on-year at constant currency for the half-year ended 28 June, at £40.7m, as its underlying diluted earnings per share were 37% firmer at 39.5p.

Net debt reduced by 54% year-on-year to £155.1m, as the board declared no interim dividend, having distributed 12.6p per share at the same time last year.

The board still noted that payment of the 2019 final dividend in August would continue its track record of maintaining or increasing the dividend every year since flotation in 1994, and added that it had maintained a "strong" liquidity position, with £595m of undrawn funding available.

Keller said it had made continued progress in conventional and Covid-19 related safety, with a 19% year-on-year improvement in the accident frequency rate.

It also continued to execute its revised strategy, with its exit from Brazil and rationalisation of Franki Africa, including its integration into Middle East-based operations.

The company's order book remained steady at the half-year at around £1bn, despite a recent decline in order intake from increased global macroeconomic uncertainty.

Keller said the payment of a 2020 interim dividend would be considered by the board later in the year.

Looking ahead, the board said the current order book supported trading through much of the second half and, assuming no further material lockdowns, it expected to deliver a "resilient" full-year result, although without the typical second-half weighting.

It said it was anticipating that any sustained continuation of the recent decline in order intake during the second half would impact the forward order book, which, together with the Covid-19 related macroeconomic uncertainty, would be likely to result in the 2021 outlook being "more challenging" than for 2020.

"The late cycle nature of our business makes us naturally cautious about the short-term economic outlook and we are proactively managing the business accordingly," said chief executive officer Michael Speakman.

"The long-term fundamentals for Keller continue to be strong and we remain optimistic about the future trading prospects and strategic opportunities for the group."

At 1119 BST, shares in Keller Group were up 1.41% at 574p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Keller Group Market Data

Currency UK Pounds
Share Price 576.00p
Change Today 2.00p
% Change 0.35 %
52 Week High 876.00
52 Week Low 445.50
Volume 26,622
Shares Issued 72.21m
Market Cap £415.93m
RiskGrade 212

Keller Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.46% above the market average76.46% above the market average76.46% above the market average76.46% above the market average76.46% above the market average
63.16% above the sector average63.16% above the sector average63.16% above the sector average63.16% above the sector average63.16% above the sector average
Price Trend
2.52% below the market average2.52% below the market average2.52% below the market average2.52% below the market average2.52% below the market average
28.21% above the sector average28.21% above the sector average28.21% above the sector average28.21% above the sector average28.21% above the sector average
Income
94.03% above the market average94.03% above the market average94.03% above the market average94.03% above the market average94.03% above the market average
85.19% above the sector average85.19% above the sector average85.19% above the sector average85.19% above the sector average85.19% above the sector average
Growth
49.26% above the market average49.26% above the market average49.26% above the market average49.26% above the market average49.26% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Keller Group Dividends

  Latest Previous
  Final Special
Ex-Div 30-Jul-20 30-Jul-20
Paid 21-Aug-20 21-Aug-20
Amount 21.00p 2.30p

Trades for 26-Oct-2020

Time Volume / Share Price
11:47 1,300 @ 573.87p
11:12 600 @ 574.16p
10:56 9 @ 576.00p
10:56 8 @ 576.00p
10:56 96 @ 576.00p

Keller Group Key Personnel

CEO Michael Speakman
CFO David Burke

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