Kier Group (KIE)

Sector:

Construction and Building Materials

Index:

FTSE 250

131.60p
   
  • Change Today:
    -1.40p
  • 52 Week High: 143.00
  • 52 Week Low: 67.30
  • Currency: UK Pounds
  • Shares Issued: 446.45m
  • Volume: 144,418
  • Market Cap: £587.53m
  • RiskGrade: 260

Kier swings to FY profit as turnaround complete

By Michele Maatouk

Date: Thursday 16 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Construction group Kier said on Thursday that it swung back to a full-year profit after completing its turnaround strategy.
In the year to 30 June, adjusted pre-tax profit rose to £65.4m from £16.9m while reported pre-tax profit came in at £5.6m compared to a loss of £225.3m the year before.

Revenue fell to £3.3bn from £3.5bn, however. The company put this down in part to exiting non-core low margin and loss-making contracts and the successful completion of its motorway upgrade projects.

Chief executive Andrew Davies said: "The group delivered a strong operational performance and materially improved results in FY21. We have completed the strategic actions set out in 2019 to simplify and focus the group, improve cash generation and strengthen our balance sheet.

"The successful capital raise, the recent sale of Kier Living, and the extension of the group's revolving credit facility provides Kier with the financial and operational flexibility to continue to pursue its strategic objectives within its chosen markets and will allow it to further enhance and capitalise on its position as a strategic partner to its customers."

Kier said current trading is in line with its expectations, and despite inflationary pressures and the impact of increased national insurance contributions, the outlook for the current year is unchanged.

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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 131.60p
Change Today -1.40p
% Change -1.05 %
52 Week High 143.00
52 Week Low 67.30
Volume 144,418
Shares Issued 446.45m
Market Cap £587.53m
RiskGrade 260

Kier Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.62% above the market average21.62% above the market average21.62% above the market average21.62% above the market average21.62% above the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average
Price Trend
90.29% above the market average90.29% above the market average90.29% above the market average90.29% above the market average90.29% above the market average
90.24% above the sector average90.24% above the sector average90.24% above the sector average90.24% above the sector average90.24% above the sector average
Income
29.04% above the market average29.04% above the market average29.04% above the market average29.04% above the market average29.04% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
20.14% above the market average20.14% above the market average20.14% above the market average20.14% above the market average20.14% above the market average
7.32% above the sector average7.32% above the sector average7.32% above the sector average7.32% above the sector average7.32% above the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 6
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 Interim
Ex-Div 18-Apr-24 28-Mar-19
Paid 31-May-24 17-May-19
Amount 1.67p 4.90p

Trades for 28-Mar-2024

Time Volume / Share Price
09:21 8 @ 131.60p
09:21 1,812 @ 131.60p
09:21 2,281 @ 131.60p
09:21 3,180 @ 131.60p
09:21 1,197 @ 131.60p

Kier Group Key Personnel

CEO Andrew Davies
CFO Simon Kesterton
Chair Matthew Lester

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