Kier Group (KIE)

Sector:

Construction and Building Materials

Index:

FTSE 250

168.60p
   
  • Change Today:
      0.60p
  • 52 Week High: 170.60
  • 52 Week Low: 115.20
  • Currency: UK Pounds
  • Shares Issued: 449.01m
  • Volume: 2,534,188
  • Market Cap: £757.03m
  • RiskGrade: 260
  • Beta: 0.02

Kier reinstates dividend as H1 profits grow

By Michele Maatouk

Date: Thursday 07 Mar 2024

LONDON (ShareCast) - (Sharecast News) - Construction, services and property group Kier said on Thursday that it was reinstating its dividend as it posted a rise in first-half profits.
In the six months to the end of December 2023, adjusted pre-tax profit increased 7% to £49m on revenue of £1.9bn, up from £1.5bn in the same period a year earlier. Kier said revenue was driven by infrastructure services and construction, with both performed well during the half.

The order booked rose 7% to £10.7bn, reflecting "a large number" of contract wins across infrastructure services and construction, and Kier said it had already secured 97% of expected revenue for FY24.

The company announced the resumption of dividend payments, with an interim dividend of 1.67p a share declared.

Average month-end net debt for the period was £136.5m, down from £242.7m.

Chief executive Andrew Davies said: "The past two and a half years have seen the group achieve significant operational and financial progress and I am delighted that today marks a return to paying dividends. The first half has seen the group deliver strong volume and profit growth, increased orders and material deleveraging. This is testament to the hard work and commitment of our people who have enhanced our resilience and strengthened our financial position in line with the objectives set out in our medium-term value creation plan.

"Our order book remains strong at £10.7bn and provides us with good, multi-year revenue visibility. The contracts within our order book reflect the bidding discipline and risk management now embedded in the business. I am also particularly pleased to report that the group significantly improved upon its year-end net cash position with significantly lower average month-end net debt and has confidence in sustaining this momentum going forward."

At 1030 GMT the shares were up 4.9% at 142.60p.





Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kier Group Market Data

Currency UK Pounds
Share Price 168.60p
Change Today 0.60p
% Change 0.36 %
52 Week High 170.60
52 Week Low 115.20
Volume 2,534,188
Shares Issued 449.01m
Market Cap £757.03m
Beta 0.02
RiskGrade 260

Kier Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.65% below the market average11.65% below the market average11.65% below the market average11.65% below the market average11.65% below the market average
26.32% above the sector average26.32% above the sector average26.32% above the sector average26.32% above the sector average26.32% above the sector average
Price Trend
82.53% above the market average82.53% above the market average82.53% above the market average82.53% above the market average82.53% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Income
58.90% above the market average58.90% above the market average58.90% above the market average58.90% above the market average58.90% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Growth
56.55% above the market average56.55% above the market average56.55% above the market average56.55% above the market average56.55% above the market average
56.76% above the sector average56.76% above the sector average56.76% above the sector average56.76% above the sector average56.76% above the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 7
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Kier Group Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Apr-25 24-Oct-24
Paid 02-Jun-25 29-Nov-24
Amount 2.00p 3.48p

Trades for 30-May-2025

Time Volume / Share Price
16:43 313 @ 168.60p
16:42 313 @ 168.61p
16:38 55,556 @ 168.60p
16:38 94,444 @ 168.60p
16:35 983,747 @ 168.60p

Kier Group Key Personnel

CEO Andrew Davies
CFO Simon Kesterton
Chair Matthew Lester

Top of Page