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Kier sees current trading ahead of expectations, shares jump
(Sharecast News) - 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.
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.
Kier shares were up 6% in London trade.
Reporting by Frank Prenesti for Sharecast.com
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