Keller says trading in line for 2026 as sets out medium-term goals

Keller Group PLC said trading remains in line with its expectations, as it set out new medium-term targets at a capital markets day in London on Wednesday.

The London-based engineering firm specialises in geotechnical work for the construction industry, providing foundation and ground improvement services.

Keller said trading remains in line the company expectations set out with its interim results at the start of August.

At that time, Keller said 2026 will be in line with "recently upgraded market expectations" of £3.34 billion in revenue and £242 million in underlying operating profit. This would be up from revenue of £3.09 billion and underlying operating profit of £218.2 million booked in 2025.

The company also on Wednesday set out new medium-term targets. These include a compound annual growth rate of organic revenue of 5% to 7% and a group operating profit margin about 7%.

Keller aims for total free cash flow over the five years from 2026 to 2030 of about £800 million and dividend cover of 2.5 to 3.5 times.

Shares in the FTSE 250 listing were down 3.1% to 3,164.00 pence early Wednesday in London.

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