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Trading statements

Kier on course

28 June 2017 07:25

Kier Group expects full-year underlying profits to be in line with forecasts.

The group's pre-close trading statement said that net debt was anticipated to be c£150m, at the lower-end of market forecasts.

The group said its two-year portfolio simplification programme was nearing conclusion and it was well-placed for FY2018, with growing order books of approximately £9bn and 85% secured revenue position for FY2018.

Looking ahead, it said: "Our Property and Residential pipelines continue to improve and our robust Construction and Services order books total approximately £9bn, providing an 85% secured revenue position for next year and giving us a strong foundation to deliver growth in 2018.

"The Group has a balanced portfolio of businesses, with market leading positions in regional building, infrastructure services and housing. We continue to invest in the Group and remain well positioned to achieve our Vision 2020 goals."

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