Davies says Kier now back on even keel after firm returns to black

By Dave Rogers2021-09-16T08:24:00

Company posts pre-tax profit after chief executive completes two year restructuring

Kier returned to the black last year after a two year restructuring programme which has seen thousands of people leave, the firm sell its housing business and complete a £240m equity raise.

Chief executive Andrew Davies arrived in April 2019 and immediately began a top to bottom overhaul of the group which had been labouring under a huge debt pile and industry fears that it would be the next Carillion – the listed contractor which imploded at the start of 2018.

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