Kier sees current trading ahead of expectations, shares jump.
Shares in infrastructure and construction group Kier jumped on Tuesday after the company said trading at the start of its current financial year was slightly ahead of expectations.
Source: Sharecast
Pre-tax earnings rose 15% to £78.1m for the 12 months to June 30, while Kier’s order book rose 2% to a record £11bn - providing "significant long-term visibility", with 91% of FY26 revenue and around 70% of FY27 revenue already secured. On an adjusted basis, profit rose 3% to £125m.
“Kier remains well positioned to ... benefit from the UK government's 10-year Infrastructure Strategy spending commitments,” the company said on Tuesday.
Infrastructure services made up just over half of group revenue at £2.14bn, a rise of 7% year on year.
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