UK's Kier Group HY26 revenue rises 2.6%; plans £25m share buyback

Kier

03/03/2026 07:15

Overview

UK infrastructure services firm's HY26 revenue grew 2.6% yr/yr

Adjusted operating profit for HY26 rose 6.6% yr/yr

Company announced £25m share buyback program

Outlook

Kier maintains full-year expectations, supported by record £11.6 bln order book

Company announces £25 mln share buyback program, reflecting strong cash flow

Kier sees opportunities in health, education, water, roads, energy, and defence sectors

Result Drivers

RECORD ORDER BOOK - Kier's order book grew to a record £11.6bn, driven by significant contract wins in health, education, water, and roads sectors

CASH GENERATION - Achieved average net cash position for first time in 13 years, supported by robust cash generation

CAPITAL ALLOCATION - Announced £25m share buyback, reflecting confidence in cash flow

Company press release: ID:nRSC1006Va

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Adjusted Revenue
GBP 2.03 bln
H1 Adjusted Operating Margin
3.50%
H1 Adjusted Pretax Profit
GBP 54.50 mln
H1 Basic EPS
GBP 0.06
H1 Operating Profit
GBP 49.90 mln
H1 Pretax Profit
GBP 32.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Kier Group PLC is GBp265.00, about 12.8% above its March 2 closing price of GBp235.00

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)