Haydn Mursell, Kier group CEO

Haydn Mursell, Kier group CEO

Preliminary results from UK-based contractor Kier show its total revenues up +14% for the year ending June 2015, to UK£ 3.4 billion (€ 4.7 billion). The group’s reported operating profit was UK£ 60.9 million (€83.4 million), a +78% increase on last year.

There was growth in revenues across all four of the company’s divisions – Property, Residential, Construction and Services. Among the more striking increases was a +35% increase in the number of residential units delivered, to 2,130 homes and a +42% increase in underlying profit at the Property division.

Kier Group chief executive Haydn Mursell said, “Economic confidence is returning to our core markets and, furthermore, the acquisition of Mouchel represents a major step in accelerating the group’s five-year strategy.”

He added that the company’s order book stood at UK£ 9.3 billion (€ 12.7 billion).

Kier completed its acquisition of UK-based construction company Mouchel in June this year. The deal is expected to add more than UK£ 600 million (€ 820 million) to Kier’s revenues and give the company a stronger position in the UK road building and maintenance sector.

Newsletter

Delivered directly to your inbox World Construction Week features the pick of the breaking news stories, product launches, show reports and more!

Sign up for free

Newsletter

Delivered directly to your inbox World Construction Week features the pick of the breaking news stories, product launches, show reports and more!

Go to newsletters