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06/03/2015

Keller Posts 15% Profit Increase

The Keller Group has posted a before-tax profit of £85.1m for the year ending 31 December 2014, an increase of 15% on the £74.1m returned during the previous year.

Revenue for Keller was £1,599.7m, indicating an 11% increase on 2013, while operating profit rose 18% over the period, from £77.8m to £92m.

Cash generated from operations rose 25% from £132m to £165.4m.

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Justin Atkinson, Keller Chief Executive, said: "The 2014 results demonstrate the continued strength of the Group's business model. Our breadth of geographies and capabilities puts us in a good position to pursue future growth which, coupled with strong risk management and ongoing self-help measures, positions us well for the future.

"Whilst conditions in our main markets remain mixed, the gradual upturn in the US, our largest market, the continuing improvements in our operating performance and our strong order book mean that the Group is set for another year of good progress in 2015."

(IT/JP)

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