Kier focuses on private sector but says education and health sectors are still making ‘significant’ contributions to revenue
Construction, services and property group Kier said it is on course to meet profit expectations for the full year despite the difficult economy.
In a statement this morning, Kier said its construction division had remained resilient since 1 July 2011 with operating margins above 2%.
Real-time Share PriceThe company said it had secured more than £400m of new work since July and said its order book of secured and probable construction work was 96% of expected revenue for the year to 30 June 2012.
“As anticipated, our contract awards continue to demonstrate a shift towards the private sector although education remains a very significant contributor and we have seen some growth in the number of awards in health projects through the P21+ framework.”
Kier said it expected power, waste and overseas markets to generate good quality work in the short to medium term.