IN BRIEF: Kier raises operating profit margin target on strong orders

Kier Group PLC - Salford, England-based infrastructure services, construction and property group - Continues to trade well and in line with board expectations in the four months that ended April 30. Kier’s financial year ends on June 30, and it is holding a capital markets event on Tuesday. Order book is steady at £11 billion, similar to where it stood at the end of December and up from £10.8 billion in June last year. This excludes long-term framework positions, which represent additional opportunities, the company says. Kier has secured 80% of its expected revenue for financial 2026.

On the back of a ‘higher quality’ order book and a recapitalisation of its property business, Kier raises its operating profit margin target over three-to-five years time to between 4.0% and 4.5%. The target previously was 3.5%.

Current stock price: 175.80 pence, up 4.4% in London on Tuesday

12-month change: up 18%

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