Business
Keller Group plc Interim Results
Keller Group plc Interim Results.
About this update from Keller Group Plc
[{"type":"text","content":"\n \nRNS Number : 9401G Keller Group PLC 29 July 2019 \n\n \n \n29 July 2019\n \nKeller Group plc Interim Results for the six months ended 30 June 2019\n \nKeller Group plc ('Keller' or 'the group'), the world's largest geotechnical specialist contractor, announces its results for the six months ended 30 June 2019.\n \nH1 in line with expectations and full year guidance re-iterated\n \n\n\n\n\n \n\n\nH1 2019\n£m\n(IAS 17 basis)\n\n\nH1 2019\n£m\n(IFRS 16 basis)2\n\n\nH1 2018 \n£m\n (IAS 17 basis)\n\n\n \n \n% change\n(IAS 17 basis)\n\n\nConstant currency \n% change\n(IAS 17 basis)\n\n\n\n\nRevenue\n\n\n1,091.7\n\n\n1,091.7\n\n\n1,075.1\n\n\n+2%\n\n\n-2%\n\n\n\n\nUnderlying operating profit1\n\n\n37.5\n\n\n38.3\n\n\n49.1\n\n\n-24%\n\n\n-29%\n\n\n\n\nUnderlying profit before tax1\n\n\n28.9\n\n\n27.5\n\n\n42.2\n\n\n-32%\n\n\n-37%\n\n\n\n\nUnderlying diluted earnings per share1\n\n\n28.5p\n\n\n27.1p\n\n\n40.7p\n\n\n-30%\n\n\n-36%\n\n\n\n\nNet debt \n\n\n333.5\n\n\n419.6\n\n\n367.0\n\n\n-9%\n\n\n-11%\n\n\n\n\nInterim dividend per share\n\n\n12.6p\n\n\n12.6p\n\n\n12.0p\n\n\n+5%\n\n\n+5%\n\n\n\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\n \n\n\n32.5\n\n\n42.8\n\n\n \n\n\n \n\n\n\n\nStatutory profit before tax\n\n\n \n\n\n21.7\n\n\n35.9\n\n\n \n\n\n \n\n\n\n\nStatutory diluted earnings per share\n\n\n \n\n\n4.8p\n\n\n33.7p\n\n\n \n\n\n \n\n\n\n\n1Underlying operating profit, profit before tax and underlying diluted earnings per share are non-statutory measures which provide readers of this interim 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 of the interim condensed consolidated financial statements. \n2 The group adopted IFRS 16 on 1 January 2019, as disclosed in note 2 to the interim condensed consolidated financial statements and comparative financial measures have not been restated. The 2019 interim results prepared on the basis of IAS 17, the previous leasing standard, as well as under IFRS 16 have been presented and commented upon to allow meaningful comparison to prior periods.\n \nHighlights \n· First half resul...