Highlights include:
Revenue up 5% and operating profit more than doubled
Strong margin improvement reflects:
o successful completion of major projects
o cost reduction measures
o business improvement initiatives
Cash generated from operations of £30.2m (2012: £9.0m)
Completion of North American Piling acquisition gives the Group a market-leading position in Canada
Interim dividend increased by 5% to 8.0p per share (2012: 7.6p)
Justin Atkinson, Keller Chief Executive said:
"This is a much improved first-half performance, with three out of four of the Group's divisions significantly more profitable than in the same period last year.
"We expect revenue in the second half to be broadly flat year on year, after adjusting for the effect of acquisitions. However, through careful contract selection and further benefit from our business improvement initiatives, we also expect to report an improved margin, taking us closer towards our 6% target.
"Accordingly, the Group's results for the full year are expected to be towards the top end of current market expectations."
