Business
Results for the year ended 31 December 2016
Results for the year ended 31 December 2016.
About this update from Keller Group Plc
[{"type":"text","content":"\n \nRNS Number : 8544X Keller Group PLC 27 February 2017 \n\nFor immediate release Monday, 27 February 2017\n \nKeller Group plc\nResults for the year ended 31 December 2016\n \nKeller Group plc (\"Keller\" or \"the Group\"), the world's largest geotechnical contractor, announces its results for the year ended 31 December 2016.\n \n\n\n\n\n \n\n\n \n2016\n£m\n\n\n \n2015\n£m\n\n\n \n \n% change\n\n\nConstant currency \n% change\n\n\n\n\nRevenue\n\n\n1,780.0\n\n\n1,562.4\n\n\n+14%\n\n\n+3%\n\n\n\n\nUnderlying EBITDA1\n\n\n158.6\n\n\n155.5\n\n\n+2%\n\n\n-9%\n\n\n\n\nUnderlying operating profit1\n\n\n95.3\n\n\n103.4\n\n\n-8%\n\n\n-18%\n\n\n\n\nUnderlying profit before tax1\n\n\n85.1\n\n\n95.7\n\n\n-11%\n\n\n-21%\n\n\n\n\nUnderlying earnings per share1\n\n\n75.9p\n\n\n86.4p\n\n\n-12%\n\n\n-22%\n\n\n\n\nTotal dividend per share\n\n\n28.5p\n\n\n27.1p\n\n\n+5%\n\n\nn/a\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\n85.2\n\n\n64.7\n\n\n+32%\n\n\n+16%\n\n\n\n\nStatutory profit before tax\n\n\n73.9\n\n\n56.3\n\n\n+31%\n\n\n+14%\n\n\n\n\nStatutory earnings per share\n\n\n65.7p\n\n\n35.5p\n\n\n+85%\n\n\n+60%\n\n\n\n\n \n1 Before pre-tax non-underlying items of £11.2m (2015: £39.4m). Details of the non-underlying items are set out in note 5 of the consolidated financial information.\n \n2016 summary:\n· Record revenue of £1,780m (2015: £1,562m), mainly due to currency movements and strong growth in EMEA \n· Underlying profit before tax down 11% due to £18m loss in APAC division largely as a result of continuing very difficult market conditions in Australia and Singapore. Significant restructuring undertaken; APAC cost base reduced by an annualised £12m\n· Strong margin in North America and excellent growth in EMEA\n· E...