Keller Group increases its 2014 full year dividend by 5%

DividendMax Ltd.

Keller Group increases its 2014 full year dividend by 5%

Highlights include:

Record revenue of £1,599.7m (2013: £1,438.2m), up 11%

Operating profit increased by 18% to £92.0m, despite an adverse currency impact of £9.3m

Operating margin raised to 5.8% (2013: 5.4%)

Profit before tax increased to £85.1m (2013: £74.1m)

Earnings per share of 75.3p (2013: 73.0p)

Cash from operations of £165.4m, representing 117% of EBITDA (2013: 106%)

Total dividend per share of 25.2p (2013: 24.0p), an increase of 5%

Justin Atkinson, Keller Chief Executive said:

"The 2014 results demonstrate the continued strength of the Group's business model. Our breadth of geographies and capabilities puts us in a good position to pursue future growth which, coupled with strong risk management and ongoing self-help measures, positions us well for the future.

Whilst conditions in our main markets remain mixed, the gradual upturn in the US, our largest market, the continuing improvements in our operating performance and our strong order book mean that the Group is set for another year of good progress in 2015."

Companies mentioned