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Keller Group PLC - London-based geotechnical contractor - Says that it had a ‘mixed’ start to 2022 with its performance hurt by material shortages and the ‘residual’ effect of inflation. Keller says it has passed on a significant portion of cost increases in the form of higher prices. Notes that it has a ‘record and growing’ order book of £1.4 billion and is benefitting from foreign exchange tailwinds, despite the ‘challenging’ trading environment. Says revenue is in line with internal expectations. Expects its full-year performance to be more second half weighted, as is ‘customary’. Leaves its full-year expectations unchanged.
Current stock price: 992.00 pence
12-month change: up 32%
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