Keller Group increases its 2015 full year dividend by 7.5%

DividendMax Ltd.

Keller Group increases its 2015 full year dividend by 7.5%

Highlights include:

Revenue of £1,562.4m (2014: £1,599.7m)

Operating profit1 increased by 12% to £103.4m

Operating margin1 raised to 6.6% (2014: 5.8%)

Return on average capital employed1 20.5% (2014: 18.3%)

Earnings per share1 of 86.4p (2014: 75.3p)

Total dividend per share of 27.1p (2014: 25.2p), an increase of 7.5%

Order book up 15%, with increases in all Divisions

Alain Michaelis, Keller Chief Executive said:

"The Group has performed well in 2015. We have been pleased to record another year of profit growth despite sales being lower as a result of less revenue from large projects. At the end of January, the Group order book of work to be undertaken over the next twelve months, including that of 2015 acquisitions, was 15% higher than at the same time last year, with increases in all Divisions. 

Whilst conditions in our markets are varied, the ongoing strength in the US, our largest market, continuing improvements in underlying operating performance, and our strong order book mean that the Group is set for another year of progress in 2016.

Overall, 2016 results are expected to be in line with the Board's expectations."

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