Keller Group increases 2014 interim dividend by 5%

DividendMax Ltd.

Keller Group increases 2014 interim dividend by 5%

Highlights:

Constant currency revenue is up 33%

Excluding acquisitions, constant currency revenue increased by 22%

Operating margin of 4.5% (2013: 4.4%)

Cash generated from operations £31.9m (2013: £30.2m)

EPS growth of 5%

Interim dividend increased by 5% to 8.4p per share (2013: 8.0p)

Net debt of £161.9m (1.2x annualised EBITDA)

Justin Atkinson, Keller Chief Executive said:

"We have seen an improved first-half performance, with all four of the Group's divisions achieving strong revenue growth compared to the same period last year, despite the adverse currency translation impact."

"We expect the Group's results for the full year to be in line with current market expectations and, looking further ahead, we remain optimistic about our long-term prospects. Keller continues to make positive progress against its strategy and is well positioned to take full advantage of future opportunities."

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