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Friday, 27 January 2017 14:09

Kier: half year results boosted by 50/50 jv on £100m Birmingham Resilience Project

Kier Group plc has published an update for the half year ended 31 December 2016 ahead of announcing its half year results on 23 March 2017.

Key contract awards since mid-November include the award of a new 50/50 joint venture infrastructure contract with Severn Trent on the Birmingham Resilience Project worth £100 million.

The Group said it is continuing to experience good underlying organic growth, commenting:

“The strength of the Property pipeline, the good forward sold position in the Residential division and the combined Construction and Services order book, which has been maintained at approximately £9 billion excluding potential further renewals and extensions valued in excess of £2.5 billion, positions the Group well for the future.”

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