3 June 2025                                                                           

Kier Group plc

Capital Markets Event

Trading Update and Revised Margin Targets

Kier Group plc ("Kier" or "the Group"), a leading infrastructure services, construction and property group issues a trading update for the period to 30 April 2025 ahead of holding a Capital Markets Event for analysts and institutional investors later today.

Capital Markets Event

The Capital Markets Event will focus on the Group's unique operating model which enables Kier to drive above market growth through the cycle and its sector leading margins.

The event will be hosted by Chief Executive, Andrew Davies and Chief Financial Officer, Simon Kesterton and will include presentations from, and the opportunity to engage with, our senior management team.

The event presentation and recording will be made available on Kier's website.

Current Trading and Order Book

The Group continued to trade well and in line with the Board's expectations in the period to 30 April 2025.

The order book was c.£11bn, consistent with the half-year position, which represents a c.2% increase on the year-end position (30 June 2024: £10.8bn). The Group has secured revenue of c.80% for FY26, providing a high degree of visibility. Long-term framework positions are excluded from the order book and represent an additional opportunity.

Recent awards include:

·   Infrastructure Services:

o   Natural Resources, Nuclear & Networks: a 5 year renewal of the Anglian Water IOS Alliance worth up to £400m

o   Transportation: a one-year extension by Shropshire County Council for the maintenance of local highways

·   Construction:

o   A PCSA by the University of Warwick to design and build STEM facilities

o   Two education projects worth c.£180m

·   Property: Planning permission received for £200m Bishop's Stortford station redevelopment (Network Rail Joint Venture)

Revised Margin Targets

Bidding discipline and risk management embedded across the business has driven a higher quality order book, which combined with the recapitalisation of our property business has led us to increase our operating profit margin target to 4.0%-4.5% in 3 to 5 years.

The Group is focused on delivering against its long-term sustainable growth plan, revised for the increased margin expectations:

- ENDS -

For further information, please contact: 

About Kier Group plc

Kier is a leading UK infrastructure services, construction and property group. We provide specialist design and build capabilities and the knowledge, skills and intellectual capital of our people to ensure we are able to project manage and integrate all aspects of a project.

This announcement does not constitute an offer of securities by Kier Group plc (the "Company"). Nothing in this announcement is intended to be, or intended to be construed as, a profit forecast or a guide as to the performance, financial or otherwise, of the Company or any of its subsidiaries (together, the "Group") whether in the current or any future financial year. This announcement may include statements that are, or may be deemed to be, ''forward-looking statements''. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future and may be beyond the Company's or the Group's ability to control or predict. Forward-looking statements are not guarantees of future performance. You are advised to read the section headed ''Principal risks and uncertainties'' in the Company's Annual Report and Accounts for the year ended 30 June 2024 for a further discussion of the factors that could affect the Company's or the Group's future performance and the industry in which it operates.  Other than in accordance with its legal or regulatory obligations, the Company does not accept any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.