Kier at a glance
Our vision is to be the UK's leading infrastructure services and construction company.
Our values
Trusted
We deliver what we promise. We act safely and ethically, and we care for the environment and the communities in which we work.
Collaborative
We enjoy what we do and work closely with clients and stakeholders to reach innovative solutions.
Focused
We are clear in our approach. We are disciplined and thorough in how we work and deliver for our clients and customers.
Our operations
Infrastructure Services
Transportation: designs, builds and maintains infrastructure for the highways, rail, aviation and ports sectors. It delivers work for National Highways, Network Rail, Transport for London and HS2 as well as a number of local and combined authorities.
Natural Resources, Nuclear & Networks: delivers long-term contracts in maintenance and capital projects to the water, nuclear and energy sectors; and protection of habitats and communities in our natural environment and waterways.
Construction
Construction comprises our Regional Building, Strategic Projects and Kier Places (workplace solutions, residential solutions and building solutions). Kier is a leading UK national builder, providing project delivery for the public and private sectors across a number of sectors including education, healthcare, defence, justice and borders and commercial.
Property
Our Property business invests in and develops schemes and sites across the UK. It concentrates on mixed-use commercial and residential development delivered through joint venture partnerships.
Sustainable growth
We are a ‘strategic supplier’ to the UK Government with c.90% of our revenue with the public sector and regulated companies. Our work winning reflects our long-standing client relationships and regionally based UK operations.
Our core businesses are well-placed to benefit from UK Government and regulated industry spending commitments to invest in UK infrastructure.
Our customers’ behaviours are shifting further towards value-for-money and long-term partnerships. These continue to favour Kier, given our scale, integrated design and project management capability, track record of delivery and Environment, Social and Governance (‘ESG’) credentials.
Our commitment to sustainable growth is demonstrated through our sustainability framework ‘Building for a Sustainable World’. This framework covers sustainability from both an environmental and social perspective and focuses the Group on three pillars: Our People, Our Places and Our Planet. We aim to leave a lasting legacy, building low-carbon, nature-rich and community- orientated infrastructure and projects.
Our strategy
Our strategy focuses on leveraging our attractive market positions to sustainably deliver infrastructure which is vital to the UK.
Key Investment proposition
- Value accretive earnings-led business model
- Attractive market positions
- Strong order book underpinned by frameworks
- Management team with expertise and track record of delivery
Financial highlights
Total Group revenue – including joint ventures
£4.0bn
FY23: £3.4bn
Operating profit
£103.1m
FY23: £81.5m
Dividend
5.15p
FY23: nil
Net debt average
£(116.1)m
FY23: £(232.1)m
Total Group revenue – excluding joint ventures
£3.9bn
FY23: £3.4bn
Adjusted earnings per share
20.6p
FY23: 19.2p
Order book
£10.8bn
FY23: £10.1bn
Adjusted operating profit
£150.2m
FY23: £131.5m
Earnings per share
11.8p
FY23: 9.5p
Net cash - 30 June
£167.2m
FY23: £61.4m
Chairman's statement
"The Board believes that our leaders and all of our people have achieved an exemplary turnaround of Kier and the medium-term value creation plan is substantially delivered."
Matthew Lester Chairman
Chief Executive's review
"The strong results for FY24 are testament to the hard work and commitment of our people who have enhanced our resilience and strengthened our financial position in line with our medium-term value creation plan."
Andrew Davies Chief Executive
Financial review
"The Group has delivered a strong set of results for the year with further improvement in the order book, which has been converted into strong revenue growth in both Construction and Infrastructure Services."
Simon Kesterton Chief Financial Officer
Featured case studies
Downloads
| Strategic report | Download pdf |
|---|---|
| Governance | Download pdf |
| Financial statements | Download pdf |
| Sustainability report | Download pdf |
