Kier Group talks up order book, says trading in line with expectations
Kier Group PLC on Thursday said it is trading in line with expectations, thanks to a ‘high quality and profitable order book’.
The Salford, England-based infrastructure services and construction firm said trading since the start of its financial year on July 1 has gone ‘well’. It is trading ‘in line with the board’s expectations’, though it expects its annual performance to be weighted to the second half.
Kier gave the update ahead of its annual general meeting on Thursday.
It said its order book currently stands at around £11.6 billion, up from £11.0 billion at the end of June. Kier estimated that 94% of its financial 2026 revenue is secured.
‘Bidding discipline and risk management embedded across the business continue to drive the high quality and profitable order book,’ the company added.
Kier shares were down 0.3% to 212.86 pence in London on Thursday morning.
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