The disappointing results will trigger a review of Makers, the firm's social housing and car park refurbishment arm. This division is expected to break even, before exceptional items.
Makers has suffered after a car park contract in Norwich fell through, and one of its main social housing clients, Westminster council, spent less than it had expected. The division suffered redundancies earlier this year.
Our performance for the year will be below expectations
Tom Dobson, chief executive
Keller said it will focus on its core ground engineering activities. Management will be restructured on a regional basis, rather than by market sector. Rob Ewen has stepped down as managing director of the specialist services division. Wolfgang Sondermann, managing director of the European and overseas business, has joined the board.