The Group delivered another year of growth, with high single-digit increases in revenue and adjusted operating profit.
Matthew Lester, ChairKier has entered a new phase of its development. Stronger, more focused and financially resilient, the Group is well positioned to capture the opportunities ahead and deliver sustainable long-term value for shareholders.
This year has been one of strong progress for Kier. The Group delivered another year of growth, with high single-digit increases in revenue and adjusted operating profit, an order book of £11.9bn, up 8% on the prior year, our opportunity extending across c.£200bn of framework positions and a significant improvement in average net cash performance.
These results reflect the operational discipline, financial strength and customer focus that have become hallmarks of the business in recent years and reinforce the confidence the Board has in Kier's future prospects.
The firm foundations laid by the previous leadership and the implementation of robust succession plans mean Kier can enter the next phase of its development from a position of strength. Kier has clear opportunities to create further value through its leading positions in the UK's infrastructure and construction markets.
All the while, the focus will be on deploying the Group's generated capital as effectively as possible, to drive attractive shareholder returns.
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