Source: Sharecast
Keller said its North American unit, the group's largest division, had benefited from record volumes and a sharp rise in demand for infrastructure and data‑centre work, more than offsetting a softer residential market in south Florida. It also said its North American unit had secured several high‑value infrastructure contracts during the period, with clients prioritising timely delivery on complex, large‑scale projects.
Trading in Europe and the Middle East was said to have remained robust, with activity in Scandinavia, central Europe and the Middle East countering continued subdued conditions in western Europe. Asia‑Pacific was broadly in line with management expectations, with Austral maintaining last year's momentum and offsetting pricing pressure in Australia's foundations market.
The FTSE 250-listed firm also highlighted that tendering activity remained strong and that its order book was at a record high of £1.9bn, supported by the recently secured, multi‑year I‑40 highway remediation contract.
Looking ahead, Keller said said that its stronger second‑quarter performance, continued margin discipline and solid order book left it confident that full‑year 2026 revenues and underlying operating profits would now be materially ahead of current market consensus.
Chief executive James Wroath said: "Our North American operations, which account for around 60% of the Group's revenue, have delivered an exceptional performance across the US and Canada so far this year, supported by increased activity in infrastructure and data centres. This reflects Keller's ability to identify and respond to structural megatrends and pivot to subsectors with strong customer demand which drive business growth.
"Together with the robust results across the wider group, this demonstrates the strength of the group's market positioning and portfolio as well as our continued disciplined approach to project execution. We remain well positioned to continue delivering value for our customers and returns for shareholders in 2026 and beyond."
As of 0815 BST, Keller shares were up 10.91% at 2,974.68p.
Reporting by Iain Gilbert at Sharecast.com
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