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Kier sees FY revenue, profit in line with market expectations
Order book 10.8 bln pounds at end June (Il Sole 24 Ore Radiocor) - London, 18 Jul - The UK infrastructure services and construction group Kier said that revenue and profit for the full year ended June 30 are expected to be in line with market expectations.
It added that it ended the fiscal year with an order book of about 10.8 billion pounds and that about 85% of revenue for fiscal 2025 has already been secured.
It also finished the year with a net cash positiion of 165 million pounds, against 64 million a year earlier.
The group's medium-term targets are for annual revenue of 4.0-4.5 billion pounds, an adjusted operating profit margin of about 3.5% and a cash conversion of operating profit of about 90%.
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(RADIOCOR) 18-07-24 12:01:20 (0321) 5 NNNN