The contractor is now aiming to deliver margins of 4%–4.5% within three to five years, up from the previously stated 3.5%.
Kier said tighter bidding discipline had built a stronger quality order book, which combined with the recapitalisation of our property business, had led to an upgrade in operating profit margin target.
In an update to city investors today, Kier will report an order book of around £11bn at the end of April — up 2% on its June 2024 year-end position of £10.8bn — with about 80% of next year’s revenue already locked in.
Recent wins include:
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A £400m five-year renewal of Anglian Water’s IOS Alliance
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A local highways extension with Shropshire County Council
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Two education jobs worth £180m
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A PCSA with University of Warwick for new STEM facilities
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Planning secured for a £200m rail-led redevelopment at Bishop’s Stortford
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