No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Construction and property firm Kier Group said on Tuesday that it had continued to trade well and in line with internal expectations in the period ended 30 April.
Kier said its order book was roughly 11.0bn, consistent with its half-year position, representing an approximately 2% increase on its year-end position of 10.8bn.
The London-listed group highlighted that it has secured revenues of roughly 80% for FY26, providing "a high degree of visibility". Additionally, Kier noted that long-term framework positions were excluded from its order book and represented an additional opportunity.
Kier also said bidding discipline and risk management embedded across the business had driven a "higher quality" order book, which combined with the recapitalisation of its property business, led it to increase its operating profit margin target to 4.0%-4.5% in three to five years.
As of 0815 BST, Kier shares were up 1.19% at 170.40p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.