Business
Interim Results
Interim Results.
About this update from Keller Group Plc
[{"type":"text","content":"\n \nRNS Number : 1008O Keller Group PLC 04 August 2014 \n \n\nFor immediate release Monday, 4 August 2014\n \n \nKeller Group plc\nInterim Results for the six months ended 30 June 2014\n \n \nKeller Group plc (\"Keller\" or \"the Group\"), the international ground engineering specialist, announces its interim results for the six months ended 30 June 2014.\n \n\n\n\n\nResults summary:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n2014\n\n\n2013\n\n\n\n\n\n\n\nRevenue\n\n\n£788.2m\n\n\n£644.6m\n\n\n+ 22%\n\n\n\n\nOperating profit*\n\n\n£35.5m\n\n\n£28.6m\n\n\n+ 24%\n\n\n\n\nProfit before tax*\n\n\n£32.5m\n\n\n£26.8m\n\n\n+ 21%\n\n\n\n\nEarnings per share*\n\n\n29.5p\n\n\n28.1p\n\n\n+ 5%\n\n\n\n\nTotal dividend per share\n\n\n8.4p\n\n\n8.0p\n\n\n+ 5%\n\n\n\n\n \n* before exceptional items, including the charge of £30 million in respect of a contract\n dispute announced on 30 July 2014\n \n \nHighlights include:\n \n· Constant currency revenue is up 33%\n· Excluding acquisitions, constant currency revenue increased by 22%\n· Operating margin* of 4.5% (2013: 4.4%)\n· Cash generated from operations £31.9m (2013: £30.2m)\n· EPS* growth of 5%\n· Interim dividend increased by 5% to 8.4p per share (2013: 8.0p) \n· Net debt of £161.9m (1.2x annualised EBITDA)\n \n \nJustin Atkinson, Keller Chief Executive said:\n \n\"We have seen an improved first-half performance, with all four of the Group's divisions achieving strong revenue growth compared to the same period last year, despite the adverse currency translation impact.\"\n \n\"We expect the Group's results for the full year to be in line with current market expectations and, looking further ahead, we rema...