Kier CEO says Brexit uncertainty negative for the company
March 17, 2016 12:05 pm
17 March 2016: Kier Group CEO Haydn Mursell talks about half year earnings and the immediate and long term benefits of the recently announced state backed infrastructure spend. Mr Mursell also talks about the drive to build Kier’s property and residential units. Revenue rose 32 per cent to £2.1 billion in the first half, but pre-tax profit was down from £27.8 million to £18m. Mursell tells IG the results ‘show the continued strength and breadth of the group’s capabilities and our (Kier’s) presence in growing market sectors’. He also says the group remains on course to deliver expectations for the full-year. In the company’s RNS statement Mursell said ‘ We are encouraged by the robust pipelines in Property and Residential and the order books totalling£9bn in Construction and Services. We remain focused on ensuring that the Group is fit for growth by continuing to focus on our operational efficiency and continuing to manage risk closely’. When it comes to the Brexit referendum Mursell says ‘stability is paramount, therefore the uncertainty (over the EU referendum) creates delays in decision making which is negative for the company. The company also increased its dividend 12%..
17 March 2016: Kier Group CEO Haydn Mursell talks about half year earnings and the immediate and long term benefits of the recently announced state backed infrastructure spend. Mr Mursell also talks about the drive to build Kier’s property and residential units.
Revenue rose 32 per cent to £2.1 billion in the first half, but pre-tax profit was down from £27.8 million to £18m. Mursell tells IG the results ‘show the continued strength and breadth of the group’s capabilities and our (Kier’s) presence in growing market sectors’. He also says the group remains on course to deliver expectations for the full-year.
In the company’s RNS statement Mursell said ‘ We are encouraged by the robust pipelines in Property and Residential and the order books totalling£9bn in Construction and Services. We remain focused on ensuring that the Group is fit for growth by
continuing to focus on our operational efficiency and continuing to manage risk closely’.
When it comes to the Brexit referendum Mursell says ‘stability is paramount, therefore the uncertainty (over the EU referendum) creates delays in decision making which is negative for the company.
The company also increased its dividend 12%..
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