Keller increases 2013 full year dividend by 5%

DividendMax Ltd.

Keller increases 2013 full year dividend by 5%

Highlights include:

Record revenue of £1,438.2m (2012: £1,317.5m), up 9%

Operating margin raised to 5.4% (2012: 3.7%), with increases in all four divisions

Profit before tax increased to £74.1m (2012: £43.5m)

Earnings per share of 73.0p (2012: 45.9p)

Cash from operations of £132.0m, representing 106% of EBITDA (2012: 118%)

Total dividend per share of 24.0p (2012: 22.8p), an increase of 5%

Three strategic acquisitions completed at a cost of £188.5m and integration progressing well

Justin Atkinson, Keller Chief Executive said:

"All four divisions improved their operating margin. This reflects a sharp focus on continuous improvement in many aspects of the business, as well as an excellent performance on several major projects and improving conditions in certain of our markets.  

"The three acquisitions we completed in the year give the Group market-leading positions in target markets offering attractive, long-term growth opportunities."

"Overall, we expect 2014 to be another year of progress. Looking further ahead, we remain optimistic about our long-term prospects and we are confident that the Group is well positioned to take full advantage of future opportunities."

 

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