In its latest update for the half year ended 31 December 2016, the company revealed its trading performance was in line with expectations, with its construction and services order book being maintained at around £9bn.
Key contract wins for the company include:
• three new highways maintenance contracts worth more than £300m covering Highway England's Areas 6, 8 and 13
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• the award of a new 50/50 £100m joint venture infrastructure contract with Severn Trent on the Birmingham Resilience Project
• a £80m contract for the construction of the Cardiff University Innovation Campus
• a contract awarded to deliver phase 2 of the £85m extension to Eastbourne Arndale Shopping Centre for Eastbourne Borough Council and Legal & General
• a £75m contract in Dubai to deliver a second staff accommodation project on behalf of Nshmi
In a statement, Kier said: "The Group continues to experience good underlying organic growth. The strength of the Property pipeline, the good forward sold position in the Residential division and the combined Construction and Services order book, which has been maintained at approximately £9bn excluding potential further renewals and extensions valued in excess of £2.5bn, positions the Group well for the future."
(LM)
