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RNS Number : 9878E  Keller Group PLC  20 May 2026

 

20 May 2026

Keller Group plc

 

AGM Trading Update

 

A strong start to 2026; outlook in line with expectations

 

Keller Group plc ('Keller' or 'the Group'), the world's largest geotechnical
specialist contractor, issues a trading update for the first four months of
the year (the 'period') ahead of its Annual General Meeting, which will be
held at 10.00am today.

 

Trading in the period was strong compared with the prior year and in line with
the Group's expectations, particularly within the Group's North American
foundations operations, despite significant macroeconomic and geopolitical
uncertainty. The Group remains resilient to macro-driven increased energy and
material costs by capturing price increases across new contracts and through
existing contract mechanisms.

 

Overall, management remains confident that the improved operational and
financial performance experienced in recent years will be sustained, and that
the Group will deliver a full year result in line with the Board's
expectations.

 

The Group's order book has strengthened during the period to c£1.7bn at the
end of April 2026. Tendering activity remains buoyant and the Group has good
visibility of future opportunities across all divisions.

 

Following completion of the share buybacks announced in 2025, which returned
approximately £50m, the Group launched a further £100m share buyback
programme on 30 March 2026. Since launch, the Group has purchased
approximately 834,000 shares at a cost of c£18m under this new programme.

 

The Group's net debt/EBITDA leverage ratio at the first half of 2026 is
expected to be similar to the prior half year (2025 HY: 0.2x), well below the
Group's 0.5x-1.5x target range, despite the higher dividend payout and the
further share buyback programme.

 

James Wroath, Keller's Chief Executive Officer, said:

 

"I am very pleased with the performance our teams have delivered so far this
year. This has been achieved against a backdrop of continued global
uncertainty reflecting the resilience of Keller's portfolio, the diversity of
our contracts and the Group's ability to pivot to growing markets.

 

Looking ahead, we continue to target potential bolt-on opportunities across
our markets and remain confident in our ability to sustain this momentum and
deliver strong performance through the remainder of 2026."

 

Keller will announce its Interim Results on 4 August 2026. The Group also
intends to host a Capital Markets Day on 14 October 2026 in London.

 

 

For further information, please contact:

 

Keller Group
plc
www.keller.com (http://www.keller.com)

James Wroath, Chief Executive
Officer
             020 7616 7575

David Burke, Chief Financial
Officer

Nicola Rogers, Group Head of Investor Relations

 
 

FTI Consulting

Nick
Hasell
           020 3727 1340

Matthew O'Keeffe

 

Notes to editors:

Keller is the world's largest geotechnical specialist contractor providing a
wide portfolio of advanced foundation and ground improvement techniques used
across the entire construction sector. With around 10,000 staff and operations
across five continents, Keller tackles an unrivalled 5,500 projects every
year, generating annual revenue of c.£3bn.

 

Cautionary statements:

This document contains certain 'forward-looking statements' with respect to
Keller's financial condition, results of operations and business and certain
of Keller's plans and objectives with respect to these items. Forward-looking
statements are sometimes, but not always, identified by their use of a date in
the future or such words as 'anticipates', 'aims', 'due', 'could', 'may',
'should', 'expects', 'believes', 'intends', 'plans', 'potential', 'reasonably
possible', 'targets', 'goal' or 'estimates'. By their very nature forward
looking statements are inherently unpredictable, speculative and involve risk
and uncertainty because they relate to events and depend on circumstances that
will occur in the future. There are a number of factors that could cause
actual results and developments to differ materially from those expressed or
implied by these forward-looking statements. These factors include, but are
not limited to, changes in the economies and markets in which the Group
operates; changes in the regulatory and competition frameworks in which the
Group operates; the impact of legal or other proceedings against or which
affect the Group; and changes in interest and exchange rates. For a more
detailed description of these risks, uncertainties and other factors, please
see the Principal risks and uncertainties section of the Strategic report in
the Annual Report and Accounts. All written or verbal forward
looking-statements, made in this document or made subsequently, which are
attributable to Keller or any other member of the Group or persons acting on
their behalf are expressly qualified in their entirety by the factors referred
to above. Keller does not intend to update these forward-looking statements.
Nothing in this document should be regarded as a profits forecast. This
document is not an offer to sell, exchange or transfer any securities of
Keller Group plc or any of its subsidiaries and is not soliciting an offer to
purchase, exchange or transfer such securities in any jurisdiction. Securities
may not be offered, sold or transferred in the United States absent
registration or an applicable exemption from the registration requirements of
the US Securities Act.

 

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