UK's Keller Group gains on strong FY results, buyback plans

Keller

04/03/2025 09:05

** Shares of engineering contractor Keller Group KLR.L up as much as 20% at 1,570p

** Stock is among top pct gainers on FTSE Midcap .FTMC index

** Company reports 30% rise in preliminary FY underlying diluted EPS of 199.9p, driven by lower financing costs, reduced tax rate

** Expects to launch multi-year share buyback programme, with initial tranche of 25 mln pounds ($31.79 mln) in Q1

** KLR expects 10% increase to its FY dividend

** Stock has lost ~11% YTD

($1 = 0.7863 pounds)

 (Reporting by Anandita Mehrotra in Bengaluru)

 ((Anandita.Mehrotra@thomsonreuters.com))