Business
Half-year Report
Half-year Report.
About this update from Kier Group Plc
[{"type":"text","content":"\n \n \n \n 9 March 2023\n \n \n \n \n \n \n \n \n \n Kier Group plc\n \n \n \n Results for the period ended 31 December 2022\n \n \n \n Strong performance: Order book increased 26%\n \n \n \n \n \n \n \n \n Kier Group plc (\"Kier\", the \"Company\" or the \"Group\"), a leading UK infrastructure services, construction and property group, announces its results for the six months ended 31 December 2022 (\"HY23\" or the \"period\").\n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n \n \n (£m unless otherwise stated)\n \n \n \n \n \n \n Six months to\n \n \n \n \n 31 December 2022\n \n \n \n \n \n Six months to\n \n \n 31 December 2021\n \n \n \n \n \n Change\n \n \n \n \n \n \n \n \n Adjusted results\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Revenue\n 1\n \n \n \n \n \n 1,537\n \n \n \n \n \n 1,536\n \n \n \n \n -\n \n \n \n \n \n \n Adjusted operating profit\n 2\n \n \n \n \n \n 57.2\n \n \n \n \n \n 54.2\n \n \n \n \n \n 6%\n \n \n \n \n \n \n \n Adjusted operating margin\n \n \n \n \n \n 3.7%\n \n \n \n \n \n 3.5%\n \n \n \n \n \n 20bps\n \n \n \n \n \n \n \n Adjusted profit before tax\n 3\n \n \n \n \n \n 45.8\n \n \n \n \n \n 43.0\n \n \n \n \n \n 7%\n \n \n \n \n \n \n \n Adjusted basic earnings per share (note 8)\n \n \n \n \n \n 8.5p\n \n \n \n \n \n 7.8p\n \n \n \n \n \n 9%\n \n \n \n \n \n \n \n Net debt\n 4\n \n \n \n \n \n (130.6)\n \n \n \n \n \n (131.3)\n \n \n \n \n \n 1%\n \n \n \n \n \n \n \n Average month-end net debt\n \n \n \n \n \n \n \n \n (242.7)\n \n \n \n \n \n (190.8)\n \n \n \n \n \n (27)%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Statutory reported\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Group revenue\n \n \n \n \n \n 1,526\n \n \n \n \n \n 1,482\n \n \n \n \n \n 3%\n \n \n \n \n \n \n \n Profit from operations\n \n \n \n \n \n 38.3\n \n \n \n \n \n 25.3\n \n \n \n \n \n 51%\n \n \n \n \n \n \n \n Profit before tax\n \n \n \n \n \n 25.4\n \n \n \n \n \n 12.7\n \n \n \n \n \n 100%\n \n \n \n \n \n \n \n Basic earnings per share (note 8)\n \n \n \n \n \n 4.7p\n \n \n \n \n \n 2.2p\n \n \n \n \n \n 114%\n \n \n \n \n \n \n \n 1\n Revenue of the Group and its share of revenue from joint ventures\n \n \n 2\n Stated before adjusting items of £9.1m (HY22: £1...