Business
Results for the year ended 30 June 2022
Results for the year ended 30 June 2022.
About this update from Kier Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n 15 September 2022\n \n \n \n \n Kier Group plc\n \n \n \n \n Results for the year ended 30 June 2022\n \n \n \n \n Strong financial performance; Order Book increased 27%\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 year ended 30 June 2022 (\"FY22\" or the \"year\").\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 Year to\n \n \n \n \n 30 June 2022\n \n \n \n \n \n Year to\n \n \n 30 June 2021\n \n 1\n \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 2\n \n \n \n \n \n 3,257\n \n \n \n \n \n 3,329\n \n \n \n \n \n (2)%\n \n \n \n \n \n \n \n Adjusted operating profit\n 3\n \n \n \n \n \n 120.5\n \n \n \n \n \n 100.3\n \n \n \n \n \n 20%\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 3.0%\n \n \n \n \n \n 70bps\n \n \n \n \n \n \n \n Adjusted profit before tax\n 4\n \n \n \n \n \n 94.1\n \n \n \n \n \n 65.4\n \n \n \n \n \n 44%\n \n \n \n \n \n \n \n Adjusted basic earnings per share (note 8)\n \n \n \n \n \n 16.8p\n \n \n \n \n \n 25.0p\n \n \n \n \n \n (33)%\n \n \n \n \n \n \n \n Net cash\n 5\n \n \n \n \n \n 2.9\n \n \n \n \n \n 3.0\n \n \n \n \n \n (3)%\n \n \n \n \n \n \n \n Average month-end net debt\n \n \n \n \n \n (216)\n \n \n \n \n \n (432)\n \n \n \n \n \n 50%\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 3,144\n \n \n \n \n \n 3,261\n \n \n \n \n \n (4)%\n \n \n \n \n \n \n \n Profit from operations\n \n \n \n \n \n 45.1\n \n \n \n \n \n 43.7\n \n \n \n \n \n 3%\n \n \n \n \n \n \n \n Profit before tax\n \n \n \n \n \n 15.9\n \n \n \n \n \n 5.6\n \n \n \n \n \n 184%\n \n \n \n \n \n \n \n Basic earnings per share (note 8)\n \n \n \n \n \n 2.9p\n \n \n \n \n \n 11.6p\n \n \n \n \n \n (75)%\n \n \n \n \n \n \n \n 1\n Continuing operations\n \n \n 2\n Revenue of the Group and its share of revenue from joint ventures\n \n \n 3\n Stated before adjusting items of £55.7m (FY21: £35.6m) and amortisatio...