Business
Interim Results for the half year ended 30 June 24
Interim Results for the half year ended 30 June 24.
About this update from Keller Group Plc
[{"type":"text","content":"\n\n\n \n6 August 2024\n \nKeller Group plc\n \nInterim Results for the half year ended 30 June 2024\n \nKeller Group plc ('Keller' or the 'Group'), the world's largest geotechnical specialist contractor, announces its results for the half year ended 30 June 2024.\n \nOutstanding H1 performance; expectations for FY 2024 materially increased\n \n\n\n\n\n\n\n\nH1 2024\n£m\n\n\nH1 2023\n£m\n\n\n \n \n% change\n\n\nConstant currency\n% change\n\n\n\n\nRevenue\n\n\n1,489.8\n\n\n1,466.3\n\n\n+2%\n\n\n5%\n\n\n\n\nUnderlying operating profit1\n\n\n113.2\n\n\n67.0\n\n\n+69%\n\n\n76%\n\n\n\n\nUnderlying operating profit margin1\n\n\n7.6%\n\n\n4.6%\n\n\n+300bps\n\n\nn/a\n\n\n\n\nUnderlying diluted earnings per share1\n\n\n103.3p\n\n\n56.0p\n\n\n+85%\n\n\n\n\n\n\n\nFree cashflow before interest and tax\n\n\n134.1\n\n\n40.8\n\n\n+229%\n\n\n \n\n\n\n\nNet debt (bank covenant IAS 17 basis)2\n\n\n100.7\n\n\n244.6\n\n\n-59%\n\n\n\n\n\n\n\nDividend per share\n\n\n16.6p\n\n\n13.9p\n\n\n+19%\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\nStatutory operating profit\n\n\n105.9\n\n\n56.6\n\n\n+87%\n\n\n\n\n\n\n\nStatutory profit before tax\n\n\n95.3\n\n\n43.1\n\n\n+121%\n\n\n\n\n\n\n\nNet cash inflow from operating activities\n\n\n118.9\n\n\n35.3\n\n\n+237%\n\n\n\n\n\n\n\nStatutory diluted earnings per share\n\n\n94.7p\n\n\n45.0p\n\n\n+110%\n\n\n\n\n\n\n\nStatutory net debt (IFRS 16 basis)\n\n\n199.0\n\n\n331.6\n\n\n-40%\n\n\n\n\n\n\n\n1 Underlying operating profit and underlying diluted earnings per share are non-statutory measures which provide readers of this Announcement with a balanced and comparable view of the Group's performance by excluding the impact of non-underlying items, as disclosed in note 7 to the interim condensed consolidated financial statements.\n2 Net debt is presented on a lender covenant basis excluding the impact of IFRS 16 as disclosed within the adjusted performance measures in the interim condensed consolidated financial statements.\n \nHighlights\n· Outstanding first half performance sets new records across the Group as we continued to sustain and build on the material step-up in operational and financial performance delivered in 2023\no Revenue of £1,489.8m, up 5% at constant currency\no Underlying operating profit of £113.2m, up...