Keller Group PLC

Latest Results (13.06.2024):

Revenue Growth

In the fiscal year ended December 31, 2023, Keller Group PLC reported a slight increase in revenue, reaching £2,966.0 million, up from £2,944.6 million in the previous year. This represents a growth of 1% on a constant currency basis, maintaining stability in the company's income generation amidst challenging market conditions.

Profitability Enhancement

Keller Group PLC experienced a significant improvement in profitability in 2023, with underlying operating profit soaring by 67% to £180.9 million, compared to £108.6 million in 2022. This increase was supported by a robust performance in the North American sector and effective cost management across the group.

Dividend Increase

Reflecting confidence in the financial stability and future prospects of Keller Group PLC, the Board decided to increase the total dividends for the year 2023 by 20%, setting it at 45.2p per share. This decision comes as a result of the company's strong financial performance and commitment to delivering shareholder value.

Debt Reduction

Keller Group PLC made notable progress in strengthening its balance sheet by reducing its net debt by 33%, bringing it down to £146.2 million from £218.8 million in 2022. This reduction has improved the company's leverage ratio, positioning it well within its target range and enhancing its financial flexibility.

Outlook for 2024

Looking ahead to 2024, Keller Group PLC remains optimistic about its performance prospects, despite potential political and economic uncertainties impacting the market. The company's robust order book, valued at £1.5 billion, along with its diverse revenue streams and improved operational efficiencies, provide a solid foundation for sustained growth and resilience in the upcoming year.