Earnings call transcript: Kier Group posts strong H2 2026 growth and cash gains
Kier Group reported robust financial results for fiscal year 2026, with revenue growing 7.5% to £4.4 billion. Adjusted operating profit increased 6.7% to £170 million, while adjusted earnings per share rose by 8.8%. The company also posted a record £11.9 billion order book, contributing to an average net cash position of £11 million, marking its first full-year net cash position since 2012.
Kier's shares gained 4.19% to reach $258.40, near its 52-week high. The company's infrastructure division led the growth, with revenue up 10% and adjusted operating profit up 16%, while construction maintained a top industry margin of 3.9%. Kier expects mid-single-digit annual revenue growth and a focus on four core growth areas - water, energy, defense, and healthcare - to drive long-term value.
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