Accuracy Coverage Pricing Contact

Keller increases its 2018 interim dividend by 24%

Investment Tools Ltd.
Keller increases its 2018 interim dividend by 24%

Keller 2018 interim results

Record first half revenue of £1,075m driven by constant currency growth of 15%

Strong underlying constant currency operating profit growth of 22%

Divisional performance

North America: strong growth in both revenue and profit, despite poor weather in the first quarter

EMEA: solid performance with profits maintained despite less revenue from large projects and a harsh winter

APAC: losses substantially reduced; profitable second quarter and an encouraging order book

Tendering activity remains positive and the order book remains healthy - up 1% excluding the Caspian project, giving confidence for the full year

Net debt increased to £367m, representing 1.9x annualised EBITDA, due to the Moretrench acquisition, strong organic growth and normal seasonal working capital outflows - currently expected to be around 1.5x at year end

Underlying earnings per share increased 17% to 41.0p

Interim dividend per share of 12.0p, up 24%, following the upward rebasing of the 2017 full year dividend

Alain Michaelis, Chief Executive, said:

"We remain encouraged by the group's progress. Despite a harsh northern hemisphere winter, we are reporting a strong financial performance for the first half of the year. Broadly healthy markets, consistent operational delivery and business improvement projects have all contributed to this performance. We remain well positioned to benefit from the global trends of urbanisation and infrastructure growth and we continue to advance our strategic objectives. We are confident of making further progress in the second half."

Companies mentioned

Latest News

Investment Tools Limited

GVC declare they will pay an interim dividend of 17.6p, reflecting an increase of 10% compared to last year, and in-line with the new policy of double-digit year-on-year increases.

Read more
Investment Tools Limited

The Board has declared an interim dividend of 4.0 US cents per share in respect of the first half of 2019, down from 6.0 US cents. KAZ Minerals PLC, the parent company of the Group, is a non-trading investment holding company and derives its profits from dividends paid by subsidiary companies.

Read more
Investment Tools Limited

The  Marshalls board has declared an interim dividend of 4.70 pence (2018: 4.00 pence) per share, an increase of 18 per cent, reflecting the strong cash generation and the Group's continuing progressive dividend policy. The Board will continue to adhere to the Group's capital allocation policy and the policy of maintaining a 2 times dividend cover.

Read more
Investment Tools Limited

Clarkson have increased their dividend by 1p per share to 25p per share. The Company has now delivered 16 years of consecutive dividend growth.

Read more
Investment Tools Limited

The Board of Hargreaves Lansdown has declared a 2019 total ordinary dividend of 33.7 pence per share (2018: 32.2p), 5% ahead of last year. This is in line with EPS growth and maintains the ordinary dividend payout ratio at 65%. In addition, the Board has declared a special dividend of 8.3 pence per share (2018: 7.8p). The 2019 total dividend of 42.0 pence per share (2018: 40.0p) is up 5% and results in a total dividend payout ratio of 80.6% (2018: 80.6%). Subject to shareholder approval of the final dividend at the 2019 AGM, the final and special dividends will be paid on 18 October 2019 to all shareholders on the register at the close of business on 27 September 2019.

Read more
Investment Tools Limited

Evraz has announced interim dividend for 2019 of US$508.17m (US$0.35 per share) has been declared, reflecting the Board's confidence in the Group's financial position and outlook.

Read more
Investment Tools Limited

The Savills Board has declared an interim dividend of 4.95p per share (2018: 4.8p), supported by the performance of the Group's less transactional businesses. The interim dividend of 4.95p per share will be payable on 2 October 2019 to shareholders on the register on 5 September 2019.

Read more
Investment Tools Limited

ContourGlobal have proposed quarterly dividend of USD 3.6901 cents per share, equivalent to $24.75 million, reflecting their commitment to 10% year on year dividend growth supported by ContourGlobal's strong and predictable cash flow generation. 

Read more
Investment Tools Limited

Arrow Global will pay a 4.4p interim dividend, an increase of 10% from the H1 2018 interim dividend of 4.0p. This is in line with the Group's policy to pay 50% of the previous year's final dividend.

Read more
Investment Tools Limited

Derwent London have raised their interim dividend by 9.9% to 21.00p from 19.10p per share in 2018

Read more
More News