Upbeat Kier says full-year results to beat expectations

By Dave Rogers2021-07-13T06:38:00

Firm confirms £350m proceeds from sale of housing arm and equity raise have now been received

Kier has said it expects its full-year results to be ahead of expectations when the firm releases its annual figures this September.

In a trading update this morning, the contractor said its adjusted operating margin for the year to June would be around 3% with the firm saying that it is on track to meet its medium-term target of 3.5% on revenue of between £4bn and £4.5bn.

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