Business
COVID-19 Update
COVID-19 Update.
About this update from Kier Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 9566H\n Kier Group PLC\n 30 March 2020\n \n \n \n \n 30 March 2020\n \n \n \n \n \n Kier Group plc\n \n \n COVID-19 Update \n \n \n \n \n \n Kier Group plc (\"Kier\" or the \"Group\"), a leading construction and infrastructure services group, today provides an update in light of COVID-19.\n \n \n During this unprecedented time, the Group has continued to focus on promoting a safe working environment for our employees, suppliers and customers. We have put in place extensive continuity and mitigation plans to ensure that we can operate safely and in line with the Government's latest guidance. For example, we introduced a 24-hour pause across our sites and workplaces to ensure that \n the Site Operating Procedures issued by the Construction Leadership Council on 24 March 2020 and endorsed by Public Health England have been implemented. If sites or workplaces are not able to operate to this standard, we will either implement modifications to their layout or working practices or close them.\n \n \n Current trading \n \n \n Although COVID-19 has created uncertainty, Kier operates across sectors which are vital to the country. The Group maintains the UK's highways, delivers vital maintenance to peoples' homes, provides facilities management services to the NHS, builds schools and hospitals, delivers critical national infrastructure and provides key maintenance and repair services to the water, gas, power, telecoms and rail sectors. Many of these services have Government support and we retain key worker status for a number of our employees who are carrying out these activities. For the year ended 30 June 2019, c.73% of our core Construction and Infrastructure Services activities related to work for Government departments or quasi-governmental entities (for example, HS2 or Network Rail) and a further c.13% related to the provision of services to regulated entities (for example, in the utilities sector). There has been no material change to these figures during the current financial year. \n \n \n Trading from 1 January 2020 to date has been in line with the Board's expectations. Approximately 80% of our sites or workplaces continue to operate (subject to the pause referred to above), although we recognise that this may change.\n We continue to receive support from our major custome...