Commenting on the results, Kier Group plc chief executive, Haydn Mursell said:
"I am pleased to report a good set of results that show significant progress on last year and demonstrate the strength of the operational performance of the business and the benefits of the May Gurney acquisition."
"Despite inflationary price and labour cost pressures in the market, our margins remained solid, particularly in our Services business. Following the integration of May Gurney, which transformed the scale and diversity of the Group, the breadth of our capabilities has resulted in new as well as larger contract awards. We are now able to help our customers maximise the value of their assets as they invest, build, maintain and renew them. Our capabilities extend from negotiating finance and planning permissions to constructing major buildings and infrastructure, as well as providing facilities management and environmental services. This breath of capabilities puts us in a good position to pursue future growth."
"While the economic climate continues to be positive, operating margins are under pressure due to inflationary cost increases in the supply chain. Cash generation will continue to be constrained in the short-term. However, strong risk management and our ability to offer a greater range of service offerings positions us well for the future."
"The continuing improvements in our operating performance and our strong order book mean that we are on course to meet the Board’s expectations for the current financial year."
"Since taking up the CEO role on 1 July, we have reviewed and refreshed the Group’s strategy, Vision 2020, a strategy for sustainable profitable growth. This strategy will see the Group aim to deliver double-digit compound annual profit growth for the period to 2020 and to be a top three in our chosen markets."